| Director | Andy Cadiff |
|---|---|
| Genre | comedy film |
| Runtime | 88 min |
| Country | United States |
| Budget | $15 million |
| Box office | $10.9 million |
Beaver has his heart set on a bike in a store window. Eddie Haskell, Wally's best friend, tells him that if he flatters Ward by signing up for football, he will get it for his birthday. He joins the football team and endures the practices, despite his disadvantage of being smaller than his teammates. He even goes so far as to refuse to let Ward read him a bedtime story and kiss him goodnight. When he celebrates his birthday, he is presented with the new bike, as well as a computer from his great-aunt.
On the first day of school, five days later, Ward and June tell Wally to accompany Beaver for a few days while he gets used to riding his new bike to there. He has a kind new teacher named Miss Landers. After school, Eddie asks Wally to come in to the soda shop to see him flirt with a girl named Karen. Eddie does not want Beaver to follow them, so Wally leaves him alone at the bike rack, telling him he will be back for him. While Beaver is polishing his bike, a teenage boy comes up to him and asks if he can show him some bike tricks. The boy shows him the tricks before riding off with the bike. At the soda shop, Karen likes Wally and not Eddie. When Wally and Eddie come out and hear that Beaver's bike was stolen, they look for it, but can't find it. During dinner that night, Beaver and Wally try to cover up for the missing bike. When Beaver is pressured to tell the truth and says his bike was stolen, Ward is upset with Beaver, but angrier at Wally because he was responsible for watching him. In Beaver and Wally's bedroom, they get into a fight, which sends Beaver's new computer flying out the open window. Wally grabs the wire and tries to pull it in, but the wire breaks, and it crashes on the ground and smashes into pieces. This results in Ward completely losing all of his patience and grounding Beaver and Wally.
After the grounding, Beaver has his first football game, but it ends poorly when he is tricked into passing the ball to a kid on the opposing team, whom he remembered as a friend from summer camp. Beaver begins falling behind in class and Miss Landers asks Beaver to stay after school to help him with his studies, which Beaver uses as an opportunity to skip football practice, though he doesn't tell his parents he's doing so. Wally and Karen kiss at a party and begin spending time together. However, Karen breaks up with Wally after reuniting with her ex-boyfriend, Kyle. One day after school, Beaver encounters the boy who stole his bike. The boy, who is Kyle's younger brother, challenges him, as a way of getting it back, to climb up to a gigantic coffee mug atop the local cafe, which he falls into and can't get out of. At the same time, Ward finds out that Beaver has been skipping football. After being alerted by police, the fire department and Ward help get Beaver down from the cup. Ward realizes that Beaver may be under too much pressure and says he can quit the football team, but he rejoins it. During the next game, he catches the ball and scores a touchdown, while chasing after his stolen bike. As Beaver chases the boy through the Mayfield Festival, Kyle trips Beaver to help his brother escape, and Wally retaliates by pushing Kyle into a tub of fudge. Karen is put off by Kyle's bullying and sprays whipped cream on his head. Karen then leaves Kyle for Wally. Beaver uses an ice cream cart to block the boy's way, causing him to fly across a judges' table of pies set up to be judged and into an entire cart of them, resulting in Beaver getting his bike back. At home, Ward sees him polishing it, tells him that it would be safer if it stays in the house, and, at his request, reads him a bedtime story.