Wolfie steals Peter's rain-making formula so that he can he a hero and end the drought in their town, but it isn't perfected and so once it starts raining it doesn't stop.
After Wolfie's car and furniture are repossessed he needs someone to swindle in order to cheer himself up. He hires Peter to paint his house, but doesn't intend to pay for the job, so Peter takes his walls since they're painted and he can't pay.
Wolfie thinks he's swindled Peter into buying a fake gold bar, but he is then haunted by the "Spirit of Comic Books" (actually, ventriloquist Peter) and gives the money back.