Perry White tells Jimmy Olsen and Lois Lane that they couldn't do anything if Superman wasn't around to bail them out all the time. (Amen!)
Lois, of course, takes offense at that and asks, "Would be worth a raise if we gave you a front-page story without Superman's help? Perry says, "I suppose so....but I want to be in on this from the formative stage." In other words, Perry is going to work with the two goofs, but, as Jimmy insists, "this time you're going to have to promise to let us run the show." Clark Kent laughs and says, "you've made yourself a deal, Chief, and now you're stuck with it."
Jimmy and Lois now have to figure out what kind of story they can get. They decide to go after the "biggest crook in the history of Metropolis: Musgy Maples"--Lois Lane. Clark overhears their plans and decides to keep an eye on them.
Series regulars Herb Vigran ("Mugsy') and Billy Nelson ("Knuckles") play their normal characters. We also see another Superman regular: Phil Tead as good 'ole "Professor Pepperwinkle." As usual, one of the professor's inventions gets everyone in trouble. Now he has "anti-memory vapor. One whiff and you forget everything that's happened in the last 15 minutes."
You can guess who fouls things up (Jimmy) and who gets a hold of the can of memory vapor (the crooks). It gets tense when Superman, in order to rescue his friends, has to reveal he's Clark Kent....and then hope that anti-memory spray works!
This is another very entertaining episode with a lot of the usual goofy happenings.