Ryan comes into work early at Michael's request, merely to bring him his breakfast. When Michael tells him the office is his for the next few hours, Ryan opts to spend those hours sleeping in his car until work starts.
Michael announces that he will be becoming a homeowner. Jim "dies" of boredom, and to revive him, he and Pam try to throw things in Dwight's coffee mug. Michael prepares to leave to sign the final papers for his new condo and Dwight insists that he join him as a second voice, to which he reluctantly agrees. Michael assigns Pam to have the office work on the expense reports for the afternoon. Jim asks Oscar about the expense reports and notices material on his desk that reads "2005 SEASON" as well as a small scoreboard. Oscar explains that he and Kevin play a paper football game when Michael's out (or when they're bored). Jim joins in and Kevin explains the game is called "Hate Ball", since Angela hates when they play it. Other games they play are "Who Can Put The Most M&Ms In Their Mouth?" and "Dunderball". Meanwhile, Michael admires his condo from the street, until he notices he's looking at the wrong house.
At the condo, Michael's agent Carol introduces him to Bill, the head of the condo association and makes a Mr. Bill reference. Dwight talks about his 60-acre beet farm that he runs with his cousin Mose. He begins asking questions about the house, and Carol and Bill start to think that he and Michael are homosexual. Back at the office, Jim tries to get Stanley to join in the fun, but he outright refuses (although he is seen enjoying the games later). Michael shows the camera crew the master bedroom at the condo and starts bragging. Dwight starts to rain on his parade, bringing up the condo's weaknesses, which starts to worry Michael. In the office, Jim and Pam begin the opening ceremonies of the "Games of the 1st Dunder Mifflin Olympiad" in the lunch room. Jim explains they will be competing for medals made of gold, silver and bronze yogurt lids" that Pam made herself. Angela is annoyed by the games.
At the condo, Michael starts to regret his purchase when he realizes he got a 30-year mortgage and Dwight makes the situation sound even worse. Michael takes a breather before he signs the contract. Meanwhile, Jim and Pam explain the "Flönkerton" race (where full paper boxes are strapped to your feet) and Phyllis challenges Kevin. Michael starts complaining about the condo to Carol and demands a price reduction, but she explains he will lose $7,000 if he walks away, so he signs. Dwight and Michael laugh about the "saps stuck at the office" as we see Phyllis narrowly defeating Kevin in "Flönkerton".
At the condo, Michael tells Dwight he is going to "let" him move into his third bedroom and pay rent. Dwight starts asking Michael a series of questions, which become increasingly strange. In the office, Angela tells Pam about a game she plays called "Pam Pong", where she counts how many times Jim goes to Pam's desk. The questions continue at the condo, which pushes Michael to the point of revoking his offer, much to Dwight's relief. At the office, the employees gather around the elevator to bet who will arrive next and Ryan wins. Pam shows Jim a box of items for the closing ceremonies and Angela marks off another tally for "Pam Pong", to Pam's annoyance. Toby and Oscar race with full coffee mugs around the office, but the games immediately stop when Michael and Dwight return, much to Jim's disappointment.
Things get quiet again. Jim fills out the expense reports, which only take five minutes. Ryan throws away Pam's medals which she sadly notices. Pam has 59 voicemails, but attends to Jim's insistence that the closing ceremonies will occur at 5pm. Jim brings out Michael to join in the ceremonies and gives him the gold medal in front of the entire staff for closing on his condo. Michael is moved to tears. A perplexed Dwight gets the silver medal. Jim gets the bronze. Pam plays the national anthem and releases the origami paper doves she made for the ceremonies. The employees smile and Michael wells up with tears.
The Season Two DVD will most likely contain a number of deleted scenes from this episode. Notable cut scenes include:
- Jim found Dwight's wallet in the parking lot, and decides, on Pam's suggestion, to give the wallet back to Dwight intact and unchanged. Dwight suspiciously cancels all his credit cards.
- Oscar catches Kevin trying to expense a movie rental.
- Extension of the opening scene with Dwight in Michael's office. Michael shows Dwight the brochure for his condo.
- In a talking head interview, Michael explains that real estate ownership is the last thing that goes through a man's mind on his deathbed.
- Extension of Jim and Pam throwing things into Dwight's mug, which Pam calls Skeet Schruting.
- Michael waxes poetic before leaving with Dwight.
- Dwight has crime statistics for Michael's neighborhood. Michael talks with a neighbor (played by creator Greg Daniels), who is disturbed by Michael's chatter.
- Toby teaches Jim how to play Dunderball.
- Michael shows off the two microwave ovens in his kitchen before meeting Carol and Bill.
- Dwight inspects the condo.
- Phyllis denies playing any office games.
- Michael shows off his condo, and talks about his future plans to get married and have children. Dwight continues to find problems.
- In a talking head interview outside Michael's condo, Dwight demonstrates his keen sense of smell.
- Michael threatens to back out of the deal.
- Dwight finds his mug full of junk.
References to previous episodes
- Michael once again reveals that he reads American Way ("Hot Girl").
- Michael takes his bird analogy too far and says that he "has worms", unintentionally suggesting that he suffers from an intestinal parasite.
- Home Alone and Risky Business are movies notable for scenes in which the young lead character frolics in an empty house.
- Butch Cassidy was a train and bank robber from the 19th century.
- Maxim is a men's magazine; American Way is the in-flight magazine of American Airlines; Cracked was a satire magazine known for juvenile humor.
- The Terminator is a science fiction movie from 1984. The lead character notably wore sunglasses.
- Mr. Bill was a recurring sketch on Saturday Night Live from 1976 to 1980. Each episode ended with the title character screaming, "Ohhhh, nooooooo!"
- Pam Pong is a pun on the game ping pong.
- Jim assigns scores to Stanley and Phyllis from the first few letters of the word "horse". They are apparently playing a variation on the basketball game of the same name.
- The screeching sound Michael makes when he rescinds his offer to Dwight is an attempt to mimic the final buzzer of a basketball game.
- Steve Carell as Michael Scott
- John Krasinski as Jim Halpert
- Jenna Fischer as Pam Beesly
- Rainn Wilson as Dwight Schrute
- B.J. Novak as Ryan Howard
- Leslie David Baker as Stanley Hudson
- Brian Baumgartner as Kevin Malone
- Creed Bratton (actor) as Creed Bratton (uncredited)
- Kate Flannery as Meredith Palmer
- Mindy Kaling as Kelly Kapoor
- Angela Kinsey as Angela Martin
- Paul Lieberstein as Toby
- Oscar Nunez as Oscar Martinez
- Michael Schur as Mose (uncredited)
- Phyllis Smith as Phyllis Lapin
- Nancy Walls as Carol Stills
- John Harrington Bland as Bill