The episode starts with SpongeBob skipping to Mrs. Puff's Boating School, then he saw a lot of students cheering, thinking it was for him. SpongeBob starts thanking everyone and before he could fully thank Mrs. Puff (by kissing her hand), Mrs. Puff pulls it away, telling him that the warm welcome wasn't for him.
SpongeBob wonders who it was for. Suddenly, one of the students exclaims that it was for Tony Fast, a former legendary raceboat driver, and for Tony Fast Jr., Tony Fast's son. Tony Fast leaves, then right after that, various students ask him to sign one of their possessions. Mrs. Puff blows her whistle, and tells everyone that Tony Fast Jr. will be treated normally.
She tells them to go to the course but then, ironically, she asks Tony Jr. to sign her lunchbox. Soon, he is on the course. The students are cheering for him (despite being told not to), then Tony Jr. starts driving. He makes puns on the actions he has to do (such as when making a turn, he says "Now it's my turn."), then Mrs. Puff starts thinking he might be the perfect way to get SpongeBob out of Mrs. Puff's life.
She asks Tony Jr. to help SpongeBob with his driving and when SpongeBob starts driving, Tony tries to explain that he must relax. After a few explanations, SpongeBob finally "becomes cool", and does the course perfectly. Sometime during that day (most likely the end of the school day), SpongeBob asks Tony Fast Jr. if he (Tony Fast Jr.) can teach him (SpongeBob) more. Tony says he can't, but SpongeBob politely says he refuses to take no as an answer. Tony Fast Jr. says he (SpongeBob) can come to his (Tony Fast Jr.) house later.
He comes to his house, and Tony Fast Jr. asks if SpongeBob wants to look at Tony Fasts' vintage speedboat collection. He explains the car's specialness and asks him which car is his (SpongeBob) favorite. SpongeBob picks his favorite and Tony Fast Jr. asks SpongeBob if he wants to take it for a spin. SpongeBob says yes, and they start driving around town.
SpongeBob asks Tony Jr. if he is comfortable with him driving, as he feels a little nervous. Tony says he shouldn't, because it was his nerves that almost made them crash before. SpongeBob starts remembering his nerves, then Tony Jr. tells him to let go, so SpongeBob lets go of the wheel. They stay cool until they get to a red light. Then, suddenly, a fast driver asks for a racing competition. SpongeBob says yes and the competition starts.
After a while, the other racer starts to win, then SpongeBob SMASHES the pedal, causing him to go "Tony Fast". The woman with the other racer notices a parked police car, so the other racer slows down, leaving SpongeBob winning. Then, he speeds past the cops and they go into a high-speed chase. After "SpongeBob's" raceboat, a police car, and a helicopter passes Tony Fast's car, Tony Fast starts chasing SpongeBob as well.
Tony Fast Jr. tells SpongeBob to let go and be cool. SpongeBob finally snaps, yelling at Tony Fast Jr., trying to explain that letting go has gotten them into nothing good. Tony says he doesn't notice, but he shows SpongeBob that they are about to crash into Mrs. Puff's Boating School. After a trip to the hospital, Mrs. Puff tells the class that Tony Fast Jr. will no longer be in her class. Then she says that Tony Jr. taught them a valuable lesson. SpongeBob thinks it's "never argue and drive," but Mrs. Puff says that the lesson is "never let SpongeBob drive."
This is the third episode where SpongeBob learns from a different person about driving rather than Mrs. Puff. The first time was "Boating School," in which Patrick gave him answers from a walkie-talkie. The second time was "Mrs. Puff, You're Fired."
As seen in episodes such as "Hall Monitor" and "Doing Time," Mrs. Puff is arrested when SpongeBob gets in trouble with the law, but in this episode, she doesn't get arrested.
Originally, this episode was supposed to be about SpongeBob and his class visiting a demoltion derby, and SpongeBob accidentally enters himself in. This idea was recycled later into the episode "Demolition Doofus."
During SpongeBob's race, there is a sign that says click it or ticket.
It's odd that even though they broke the law by driving fast and all of the policemen were after them, SpongeBob, Tony Fast Jr. and Mrs. Puff never got arrested for it.
In this episode, it appears that SpongeBob could read Mrs. Puff's mind as he wanted to know what "incorrigible" means and Mrs. Puff said that word while thinking. This is actually the second time someone has read another's mind. The first was in "Big Pink Loser" when Patrick read SpongeBob's mind saying "At least I'm safe inside my mind."
Running Gag: The Female Racer constantly saying "What he said!"
The Male Racer wasn't finished with his sentence when he said "Right here, right now." as he looked surprised when the Female Racer said "Yeah, what he said!"
The colors of the letters in the title card are similar to the Logo for the old '90s Nickelodeon show Hey Dude (1989–1991)
At one point when Tony Fast Jr. was talking to SpongeBob, he called him by "Bro-Jangles." This may be a reference to the real life chicken restaurant Bo-Jangles.
Tony Fast's name may be a reference to Fast Tony, a prehistoric armadillo from Ice Age: The Meltdown.