Mr. Krabs decides to get back the Soda Drinking Hat after SpongeBob buried it back with its original owner, Smitty Werben Man Jensen. Mr. Krabs arrives at the cemetery, only to be freaked out by the many creepy sea life that lives there. He eventually spots Squidward putting flowers near a tombstone and walking home, crying. Mr. Krabs goes over to the tombstone which reads "Here Lies Squidward's Hopes and Dreams," to which Mr. Krabs replies by saying "What a baby."
He continues his search and eventually finds the grave of Jensen, which is a large tombstone in the shape of the #1. Mr. Krabs digs up the grave and retrieves the Soda Drinking Hat. Before he can run home and claim his money for it, Jensen suddenly rises out of the ground, demanding Mr. Krabs to return his hat.
Mr. Krabs declines, to which, Jensen calls upon the living dead to help take back his most prized possession. However, Mr. Krabs puts up a fight by taking the head of a skeleton fish and using it as a sword to fight off the monsters. Krabs does this from night until morning until he reaches back to the entrance of the cemetery, excited by that point that he thinks he has one-million dollars.