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The host for the episode is Steve Martin (his sixth appearance), and the musical guest is Van Morrison. The skits for this episode are as follows: Desperate after his austerity measures have failed to halt inflation, President Carter attempts to encourage Americans to welcome inflation as a wonderful new opportunity to be a millionaire. Despite Elvis' death, his coat continues to perform the King's classic hits to packed audiences. Theodoric of York treats his patients with bleeding and other crude remedies. The Festrunk brothers continue trying to pick up swinging American girls. Todd DiLaMuca visits Lisa Loopner in the hospital, but a jealous fight breaks out when rival nerd Charles Knerlman shows up with Lisa's homework. Jane Curtain interviews the author of the book "Mauled", who talks of his experiences being savagely attacked by bears. Steve Martin apologizes to the audience when the final skit has to be cut short because of time restrictions. Van Morrison performs "Wavelength" and "Kingdom Hall".