 The ugly ring with a scarab on it can only be pawned off to local bumbling ice cream salesman, Tim, who is the owner of a large Old English Sheepdog named Elwood.Tim figures he will give the ring to his girlfriend Katrinka (Jo Anne Worley), a local roller derby star and pastry assistant.While dressing himself in preparation for a live television broadcast to announce his candidacy, Wilby hears a report of the Borgia ring being stolen.