The episode begins with Squidward waking up at 5:00 AM to watch Fab and Fancy on the channel known as Bikini Bottom Public Access. But, to his surprise, the show has been cancelled, and is replaced with Zeus the Guitar Lord. Squidward then finds out that they actually give TV shows to anyone. He then calls the network and gets his own TV show.
He is next seen at the Krusty Krab waiting happily to leave and get started on his show. SpongeBob overhears him talking and asks why he is so jittery. But Squidward plugs up his ears with Krabby Patties and leaves before SpongeBob can ask.
Squidward is at his house preparing for Squidward Chat. But SpongeBob then finds out and rushes to Squidward's house to tell him. He then brings Patrick in and they start messing up the show. Squidward tells them to leave, but they refuse to do so. Squidward then gives both of them jobs for the show. Patrick becomes the cameraman and SpongeBob controls the microphone, but they make the show even worse. Mr. Krabs finds out and uses the show as a free advertisement to promote his restaurant, the Krusty Krab. Sandy watches the show and then starts line-dancing on-air. Then Pearl watches the show and decides to show her cheerleading on-air. Plankton watches the show and thinks he could cause more damage with his ray gun. Once he appears, he starts firing his ray gun, which ruins the entire set.
Squidward tells them all to leave and asks them if this is some sort of housewarming. Larry overhears it and everybody comes into his house. The producer comes in and tells Squidward that the show is going great, but kicks a few people out, including Squidward. The show is then renamed Squidward's House Party, which does not include Squidward. Instead, it has Zeus the Guitar Lord hosting. It also has Patrick on the drums, Sandy and Pearl as back-up dancers, SpongeBob on electric keyboard, Mr. Krabs as advertisement, and Plankton as the special effects master. And the worst part is, Squidward just cannot seem to sleep because of all the noise.
On the Nickelodeon schedule, it lists this episode as "Squid TV." This is what the episode was originally called.
In German, this episode is called Tentakel TV which means "Tentacles TV."
After SpongeBob was laughing in the conversation at the Krusty Krab, he said "good times" which could be a possible reference to The Fairly OddParents, which is what Cosmo sometimes says after laughing.
Running Gag: People breaking into Squidward's house, and Squidward Chat being interrupted.