John and Lorraine are walking by the former residence of Mr. Pignati and discover an elderly gentleman apparently on the run from the IRS.

Gus tells the pair that he was a good friend of Colonel Parker Glenville, who was knighted by the King of Sweden for the subway system he designed for Stockholm.

One day, the teens and the seniors take a trip to Atlantic City, where John gambles away all of the Colonel's money.

He asks for Dolly's hand in marriage on his deathbed, and John and Lorraine travel to the convent across the street from the Pigman's house and get a priest to come to the hospital quickly and marry the senior sweethearts, which he does.

After the wedding, the teens get Gus from the car, and run back up to the Colonel's room, only to find that he has died, leaving Dolly a bride and a widow all in the same night.