SpongeBob is telling Gary a bedtime story, but Patrick holding a small TV, trespasses into SpongeBob's pineapple and shows him an important commercial for Glove World!'s new scary rollercoaster called the "Fiery Fist O' Pain." They plan to go on it at Glove World! the next day, which is the first day it opens.
That night, SpongeBob has a nightmare that they both go on the ride and fall into their graves. SpongeBob wakes up shrieking that he does not want to go on the Fiery Fist O' Pain. The next day, Patrick breaks into SpongeBob's bedroom strangely after having the same nightmare at the same time, but they decide not to tell each other. The bus then comes, and they go to Glove World!. They realize that it is a long line to the new ride, so they decide to start going on the ride for toddlers called "The Mitten" which they are scared of, annoying the toddler who is on the ride with them. Just then, they see Larry, who went on the ride. SpongeBob says that he did not go on the ride because he was hungry along with Patrick.
Soon, they eat ice cream. Patrick has to use the bathroom and argues with his reflection in the mirror while SpongeBob and his ice cream get into an argument. Patrick and SpongeBob want to tell to each other, but Glove World! will close in five minutes. Hearing that, they finally go on the Fiery Fist O' Pain, but as they are ready the ride brakes and they finally admit to each other that they were actually afraid to go on. Then the ride gets fixed, and they ride the rollercoaster. They lose their spines at the end of the ride and choose to go again anyway, having faced their fears.
There may have originally been a scene planned where SpongeBob and Patrick were going to print the tickets online. However, in the commentary this information came from, the commentators laughed about this, meaning it might have been a joke.
The Mitten scene was based of Kings' experience with kiddie rides as a child.
Patrick's fear of Glovey Glove might be loosely based off how Brookshier got his Adam's apple pushed by a mascot when Brookshier and the mascot were taking a picture.
The emergency broadcast could be a reference to the Emergency Broadcast System (EBS) in 1963 until 1997 with the update to the Emergency Alert System.
In SpongeBob's nightmare, the roller coaster sequence is similar to the deaths from New Line Cinema's Final Destination 3.
During the emergency broadcast, Harold is on the ride with Nancy Suzy Fish.
When SpongeBob and Patrick try to go on the ride before the bathroom scene, Harold works for Glove World!
Briefly while SpongeBob and Patrick run happily after going on the Fiery Fist O' Pain, SpongeBob is shown with no nose, specifically when SpongeBob is looking straight at the audience.
When Patrick shows SpongeBob the emergency broadcast, Patrick breaks an exterior wall of SpongeBob's house. However, when he goes to sleep, it is mysteriously fixed.
When SpongeBob wakes up in terror, his shirt is brown.
When Harold first wheels Old Man Jenkins out of the Fiery Fist O' Pain, his fin is missing.
Even though it is the first day of the ride, Taylor already knows about someone's spine falling out on the ride.
When the shot through the camera is first shown, in the background there are two of the three fish shown appear to look like Martin and Shelly, respectively and the shot is in front of a rollercoaster, but in the second shot through the camera, the two fish look different, and there is a fence in front of the rollercoaster. When the photo is shown, there is no fence.
SpongeBob is a sea sponge (hence the name), so he should not have a spine.
Likewise applies to Patrick.
In this episode, SpongeBob has a vertebrae. However, in "Squirrel Jokes," it is said that sponges do not have a vertebrae.
At the end, SpongeBob and Patrick are about to go again. However, their ride was the last ride of the day.