Summary: Sports commentator "Big" Vic Ricker (Harry Shearer) discusses the Olympic boycott. Laraine Newman interviews colleg student Scott Gunderson (Peter Aykroyd) about the military draft. Al Franken updates America on his decade and advises them to buy gold in order to further his own gold investments.
Recurring Characters: Vic Ricker.
Anchovy Council of America
Summary: Members of the Anchovy Council seek outside suggestions for improving anchovy use throughout America.
Summary: Lady Pinth-Garnell (Laraine Newman) presents a bad production of "The Great Mr. Potato Head Famine".
Recurring Characters: Ronnie Bateman.
Summary: Baby mogul Paula Kirsch (Laraine Newman) wants to cast her mother (Teri Garr) in Marilyn Mazelman's (Gilda Radner) "Little Bo Peep" picture.
The Mr. Bill Show
Summary: Psychiatrist Mr. Hands helps Mr. Bill off of Skid Row by hypnotizing him into visits of past traumas.