Rachel takes Phoebe and Joey to a charity event helping children, including a silent auction. While Phoebe is obviously over-drinking, Joey has bigger problems; misunderstanding the silent auction process, Joey thought that bidders guessed an object's worth, with the prize going to the person with the closest guess. Joey "guesses" $20,000 and wins a yacht. Rachel and Joey try to convince the next highest bidder to buy the boat, but in the process of persuading the man of the boat's virtues, Joey changes his mind and wants it for himself, although he can barely afford it.