"Don't you have to be dead to have a memorial anything?"
The Eugene Krabs Memorial Wishing Well is a well installed outside the Krusty Krab in Wishing You Well when Mr. Krabs sees a child throwing a quarter he was after in a well. He tried to stop another man from throwing money down that well, he heard that people throw money down a hole for fun, so he installed a wishing well.
- Sandy wished for a fancy telescope that works underwater.
- Plankton wished to be big enough to crush his enemies like "the vermin they are".
- Mrs. Puff wished for a new hot rod, so she could be a "hot roddin' mama".
- SpongeBob wished that Squidward could see the magic inside the well.
- Squidward wished to be as far away from Bikini Bottom as possible.
- Mr. Krabs (in an attempt to prove that magic didn't exist) wished that he was steamed and served with a side of melted butter.
At first, none of the wishes were granted, but when SpongeBob dug up the magic at the bottom of the well, everyone's wishes wound up granted.