At the beginning, Greg explains how bad his summer was with his brother Rodrick, who
knows a secret that Greg is trying to keep. When Greg returns to school, he finds out he still
has the Cheese Touch, but he gets away with passing it on to a new kid, called Jeremy Pindle.
Later, it is clear that Greg and Rodrick are always broke, so their mother starts a "Mom Bucks"
program. Rodrick throws a huge party and trashes the house, forcing Greg to clean it up with him.
Half a month later, Greg notices Rowley has play money identical to that of "Mom Bucks" and
takes it home to put under his mattress. When Greg fails to do his homework, he must borrow an
assignment from Rodrick and pay him $20,000 in Mom Bucks. Unfortunately, their mother found
out about the stolen Mom Bucks when Rodrick tries to cash in the lot and she confiscates all of it.
In December, Rodrick's party is uncovered and he is grounded for a month. Greg is also
grounded from video games for being Rodrick's "accomplice" even though he had been
locked in the basement the whole time and had nothing to do with the party.
Rodrick then starts preparing for the talent show, despite his punishment (he wasn't allowed
to leave the house). Frank then ends his punishment two weeks early because he hated listening to
Rodrick's band, Löded Diper, play every day. After Greg hurts Rowley by putting a dumbbell
in a pillow that Rowley kicks, Greg must perform in the talent show with a first-grader who
Rowley was partners with. They don't make it in, but Rodrick's band does. During the talent
show, Rodrick has his band's performance taped so he can send it to the record companies,
but afterwards the video is rendered useless after it is found that their mother (who was
taping the video) had talked the whole time and everything she said was heard on the tape.
Greg and Rodrick fight and then Greg's secret is spilled to the entire school. However, Greg
ends up getting popular for what he did because the story gets extremely twisted from going
to the girl's ba