The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
Michael Nesmith approaches the camera to speak, poking fun at his "missing hat." An opportunistic lookalike from the U.S. cashed in on his similarity to Nesmith by appearing on talk shows and doing interviews in Australia during the 1980s. The scam was successful, the lookalike being far enough from America to avoid detection as a fraud (which was more likely in the U.S., where the real Nesmith had made many media and show-business acquaintances). An entertaining interviewee, the impersonator's charade was not discovered until after he had vanished from the public eye. The imposter, Barry Faulkner, who had pulled various fraudulent scams