As the executive producer for a new late night show set to follow his own, Larry meets with network's executives to discuss their suggestions for the new host. However, despite asking Larry to show some restraint during the meeting, Arthur loses control and expresses his extreme disapproval of their choices. But, when Larry offers comedian Bobcat Goldthwait as his pick for the new show, Melanie and Dennis express reservations about obtaining approval from the affiliates. So, as word leaks out that comic Bob Saget has been chosen, Larry is deluged with phone calls from others interested in the job as he reassures the angry Bobcat, and prepares to make his pitch to the affiliates. Upon discovering that someone has sabotaged the latest edition of his fan newsletter with a lewd remark, Hank insists that the guilty party be punished. Turning first to the show's writers, Hank accuses Phil, who denies having anything to do with the prank, before descending upon Jerry and causing an embarrassing incident in front of the writer's mother. Meanwhile, after fending off comedian Steven Wright, who is also lobbying for the new job, Larry is warned that the affiliates are worried about Goldthwait. Told that David Letterman has chosen talk show veteran Tom Snyder to host a new late show to follow his own, Larry gives the network executives and their affiliates a taste of Bobcat in action. But, warned by Arthur that the comic's antics will result in the immediate cancellation of the new show, Larry reconsiders and offers the job to Snyder instead. Finally, after Hank takes revenge on the cue card guy he suspects of the prank, Darlene tells Arthur that she sabotaged the newsletter as revenge for her boss' shabby treatment, while Larry discovers that Letterman's choice of Snyder was just another costly rumor for the new show.