Lucy poses as Ricky's no-nonsense, fast-talking (and nonexistent) talent agent, Lucille McGillicuddy, when she meets with M-G-M executive ("vice-president in charge of Ricky Ricardo") Walter Reilly in an effort to pressure the studio into using Ricky in another film.
Employing a well-known bargaining technique, Lucy, the agent, tells Reilly that "Dick and Oscar are just wild about the boy" and want to star the Cuban "in their next Broadway musical." Reilly quickly confers with Dore Schary by phone and then informs a speechless Miss McGillicuddy: "Metro doesn't want to stand in Ricky's way, so we're releasing him from his contract."
Shocked, Lucy insists M-G-M reconsider, perhaps by starring Ricardo in remakes of successful films, for instance, Gone with the Cuban Wind; It Happened One Noche; Seven Brides for Seven Cubans; The Ricardos of Wimpole Street; Andy Hardy Meets a Conga Player; Meet Me in St. Ricky; Ricky, Son of Flicka.
The executive is a busy man and his secretary, Miss Klein, shows a hesitant Lucy to the door. Heartbroken and dejected, she returns to the hotel and decides to tell Ricky what she has done. As expected, his Cuban temper flares violently and he storms out, blood in his eye.
All ends happily when Lucy manages to convince the studio that "some crazy woman" is going around town impersonating Ricky's agent.
Special Notes: When Ricky grabs the statuette and twists it with his bare hands, it visibly starts to bend before he exerts any meaningful pressure, revealing that it's made of non-fired clay or some equally malleable substance.