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Lois' wealthy aunt Marguerite Pewterschmidt comes to visit, but drops dead the second she arrives. A videotaped message from Aunt Marguerite informs Lois that she has inherited Cherrywood Manor in Newport, Rhode Island. Marguerite's video is narrated by Robin Leach. There, the Griffins receive a warm musical welcome from the house's staff, who immediately leave afterward because according to one of the maids "The old bag only paid us up through the song." Peter hires them back after admitting that he secretly sold their former house in Quahog.
Peter has trouble fitting in with the blueblood cluster after disgusting everyone with a story about a rat at the yacht club, while Stewie adapts immediately to ordering servants around, even commanding two to fight to the death for his amusement. Peter begs Brian to teach him how to be a gentleman. After several attempts through regular methods, Brian resorts to shock therapy. That night, Peter arrives at a very ritzy auction in a new persona, "Lord Griffin". Lois is shocked to see him behaving himself and conversing easily with the upper crust crowd. Unfortunately, he also appears to believe himself fabulously wealthy, as he nonchalantly bids $100,000,000 for a vase.
Lois demands that the family return to Quahog as soon as possible; she says that she now remembered why she left Newport: because it changed people in much the same way that her family is changing. Brian is only able to snap Peter out of his delusion by comparing him to Lando Calrissianand smashing one of his Star Wars collector's glasses. Brian explains to Peter he is not really a millionaire. Although Peter returns to reality and reconciles with Lois, he is still $100,000,000 short on covering his auction bid when Mr. Brandywine from the Historical Society comes to collect. When Peter is trying to prove that millions of dollars of history happened in the mansion, he points to a note on the wall dated 51BC that states "Jesus was here", a large crack in the wall (which he pretends is where the Stock market crashed), a small toy train under the floor boards (which he pretends is part of Harriet Tubman's Underground Railroad), and a stone saying when the Pilgrims had visited Fraggle Rock. Mr. Brandywine sees through Peter's scams, however, and demands that he come up with the money by the morning. Just then, Peter finds a set of hidden photographs of several prominent American figures (including Abraham Lincoln, Robert E. Lee, andUlysses S. Grant) at Cherrywood Manor, which was a whorehouse at the time. Not only does the discovery make Cherrywood enormously valuable, but Peter sells one of the pictures to the tabloids to buy back his old house for double what he sold it for.
At the end of the episode, Peter no longer cares what Lois' family thinks of him, since her ancestors were nothing more than "a bunch of pimps and whores" and does his signature laugh.