Fred's latest get-rich-quick scheme is a reducing drink he invented. However, the drink causes him to lose not fatness, but height: he shrinks to about a foot. A doctor explains that only time will restore him. While Pebbles enjoys her new living toy, Barney comes up with a scheme to incorporate Fred into his ventriloquist's act. As the perfect dummy, little Fred will surely land them a spot on the "Ed Sullystone Show."