Jerry's girlfriend, Ellen, seems perfect in every way, but everyone else seems to have a problem with her. George interviews candidates for the Foundation's first scholarship. The candidates seem over-qualified, until one comes in who is a lot like he was. Elaine is going to ghost write Peterman's biography. Kramer goes to Lorenzo's pizza, where he has an encounter with the Van Buren boys. He accidentally flashes their gang sign and saves himself. Peterman wants his day to day life covered in his bio; the exotic adventures are for the catalog. His day-to-day life is very boring. She tells him about Kramer's encounter with the gang and he suggests buying the story for his biography. George's scholar makes a change in his plans that causes George to disqualify him from the scholarship. Kramer sells Peterman all of his stories for $750 dollars. Elaine is put at his disposal. To Elaine, Kramer's stories aren't much more interesting. George and Kramer perform an intervention on Jerry's relationship with Ellen. George's scholar joins the Van Buren boys, who apply pressure on George to get the scholarship back. Elaine tells Kramer that he can no longer tell his stories, since they now belong to Peterman. Elaine tries to embellish Kramer's stories, but Peterman finds the rewrites "too clichéd and obvious." She tells him the real Kramer story that he finds much more interesting. He tells Kramer he can have his stories back. George tries to save himself from the Van Buren boys. Jerry flies his parents in to get their impression of Ellen. He begins to see the light.
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