The episode begins at the bus stop with Mikey and his mother, Mrs. Blumberg, who embarrasses her son by treating him like a little kid and reminds him of his 10th birthday on Saturday and that from Monday he gets to wait at the bus stop all by himself, as the bus leaves for Third Street School.
However, when Mikey does arrive, he appears to be mesmerized, staring at the kindergartners for a brief moment until Spinelli calls for his attention. However, as recess ends, one of the kindergartners drops their sippy cup, which features the children's character Bonky the Green Dragon, and immediately brings back memories of Mikey's childhood.
The next day, Mikey just walks past his friends, and The Recess Gang immediately notice something is up with him. True to their word, Mikey is struggling to adapt to his new status as a 10-year-old, and has brought a Bonky doll to school, also uttering "George Bonkyton" in class which prompts an outbreak of laughter. At recess, Mikey is hit by a flying kickball. When Mikey's friends come to help him, they see his mouth is covered in blue. He claims its blueberries and runs off. Gus shows the gang that Mikey was actually eating a Bonky Pop. The gang is horrified as Bonky is for very young children. Gretchen mentions that the 'Bonky craze' is usually for 2-3 year old children, and at most 5 year olds. Spinelli mentions she never liked Bonky, even when she was little. T.J. suggests they confront Mikey, but when they do, he denies it and runs off. When he slips on some marbles, his backpack flies open and his Bonky stuff falls out, alerting the kids of the playground as they all laugh at him. Mikey gathers his things and runs off. Gretchen then suggests they just accept their friend and hope it wears off. Mikey has regressed to a kindergarten-like state, and Bonky is once again dominating his life. The gang has enough and pin Mikey down during recess and T.J. grabs his bookbag, taking it to Miss Finster to confiscate, as toys from home are against playground rules.
At Mikey's 10th birthday party, the gang is horrified to find that the party is Bonky-themed, with a Bonky piñata, a Bonky cake, "Pin the Tail on the Bonky", and to add salt to wound, none other than Bonky himself appears, and Mikey and the kindergartners dance with the figure. The gang has no other choice but to confront Bonky and they knock him over. When they unmask the mascot, it is revealed to be Mrs. Blumberg in a costume, traumatizing Mikey as he runs from the room while his mom follows. This does not sit well with the Kindergartners as they chase the gang.
Outside, Mrs. Blumberg finds her son sitting on a bench in the backyard. She apologizes to him, and realizes Mikey is too old for Bonky. Mikey acknowledges he has outgrown the dragon, but he tells his mom that he figured that if he started to like Bonky again, things would go back to how they were when he was little- his mom would walk him to the bus each day, the time being just him, his mom, and his Bonky doll (presumably when he was very little). His mom comforts him, saying even though he's getting older and will start doing things on his own, she will still be there for him, and will "always be with him in his heart." At the bus stop on Monday. Mikey leaves for school, for the first time on his own. He checks everything like his mom used to, and sits next to Gus as the bus drives away. Mrs. Blumberg is revealed to have been hiding behind a tree watching him leave go to school. She smiles and starts to walk back home.
- Before "The Girl Was Trouble", because it is implied that he is older than Gretchen.
- After "The Voice"
- Coloring/continuity error: When the gang arrive at school the next day after Mikey re-discovers Bonky, T.J.'s pants are tan.
- Animation/continuity error: When T.J. is explaining to the gang what to do about Mikey's Bonky obsession, one of T.J.'s freckles disappears for a frame.
- Coloring/continuity error: When the gang are at the bike racks the next day, Gretchen's helmet is blue. After Vince notices that Mikey does not care about turning ten, her helmet is red.
- Animation/continuity error: When Vince finds it weird that Mikey does not care about the juice they would be having, Vince's eyebrows disappear for a frame while he is talking.
- Animation/coloring error: When Miss Grotke asks the class a question about George Washington, Ashley Q.'s jacket is white, and Megan's sweater is missing. In the next shot of the class, Megan has black hair and dark skin, the stripes on Lily's shirt are missing, and the stripes on Gordy's shirt are missing.
- Coloring/animation error: When Mikey answers, "George Bonkyton", the front of Willy's hat is white, and Gordy's shirt has long sleeves.
- Coloring/continuity error: When Miss Grotke tells Mikey that he did a good save, the top part of the stripe down her dress is light green.
- Coloring/continuity error: When Mikey is walking before he gets hit with a kickball, his backpack is green. When the Bonky merchandise inside is dumped out, it is red.
- Animation/consistency error: While Gus begs Mikey to get rid of "Bonky stuff before the whole school finds out", Gus' watch is drawn right-side up, but since Gus' thumbs are pointing up, it should be upside down.
- Animation/continuity error: After Gretchen suggests "acceptance", she is drawn without nostrils. This is specifically visible while she is explaining the idea, and the scene is focused on her.
- Coloring/continuity error: When Mikey holds up his Bonky puppet in the lunch line, it is colored a more mint green than light green.
- Animation/continuity error: When the gang arrive at Mikey's door for his party, the tie Gus was wearing is missing.
- Animation/continuity error: When the gang arrive at Mikey's door, they are all carrying presents. When they are shown walking into the room, they are not carrying anything. The presents are never seen again in the episode.
- Animation/continuity error: While Mikey is walking blindfolded with Bonky's tail in hand, the Bonky on his t-shirt is deformed for the first frames.
- Animation/continuity error: While Mikey is saying "We love Bonky", a group of kindergartners approach Mikey. Among them, there is a girl whose face is painted in cyan with a green spot around her left eye. Once she turns her head, the spot disappears. The spot reappears in the consecutive scenes.
- Animation/continuity error: When Gus points out that "Bonky" is at Mikey's party, Gretchen is drawn with her usual hair beads instead of her bows.
- Animation/continuity error: When Gus points out that "Bonky" is at Mikey's party, his wristwatch is missing.
- Animation/consistency error: The kindergartners at Mikey's party lack character consistency. For instance, their positions and hair colors vary several times.
- Animation/timing error: When the kids start to dance with the "Bonky" figure, the animation is suddenly sped up for a few frames.
- Dialogue/consistency error: When Mikey and his mom are talking, Gretchen says that she read their lips, yet they are facing away from the window.
- Animation/continuity error: During the party, Mikey is wearing his Bonky shirt, but in one scene when he and his mom were talking, he is wearing his normal shirt.
- Animation/continuity error: When the gang are about to examine Bonky before Gus points at him and says "Oh no", T.J.'s eyebrows disappear for a frame.
- Animation/continuity error: When the gang walks into the door, sees Mikey's birthday party, and gasps in fear, Spinelli's eyebrows are missing.
- Animation/continuity/consistency error: When T.J. asks the gang if they are ready to show Mikey presents, half of Spinelli's blouse is missing. That was probably due to the accident that the animator caused while drawing her blouse.
- Summary error: On BSkyB's electronic programming guide, it listed the episode summary as "Gus has to part with his favorite childhood toy". This is incorrect, as the episode is about Mikey, not Gus.
- This is the fourth episode where T.J. wears his "formal" wear; he previously wore it in "The Experiment", "One Stayed Clean" and "The Biggest Trouble Ever".
- This is the third episode where Spinelli wears her first "formal" outfit; she previously wore it in "The Experiment" and "The Biggest Trouble Ever".
- This is the third episode where Vince wears his first "formal" outfit; he previously wore it in "Teachers Lounge" and "The Biggest Trouble Ever".
- This is the second episode where Gretchen wears her second "formal" outfit; she previously wore it in "The Biggest Trouble Ever".
- This is the second episode where Gus is shown wearing a bowtie with his outfit; the first being "The Biggest Trouble Ever".
- This was the final episode before the movies to be colored with digital ink-and-paint.
- This was the final episode with animation by Toon City.
- This is the third episode where a character celebrates their birthday; the first being "The Girl Was Trouble" for Gretchen's birthday (Though her birthday took place a week prior to the events of the episode), and the second being "Randall's Friends", for Randall's birthday.
- This is the final episode where Mikey's parents have speaking roles.
- This is the third episode in which a character temporarily regresses. The first and second times were in The Legend of Big Kid and The Hypnotist.
- Bonky is a parody of the popular children's character, Barney the Dinosaur.
- T.J. Detweiler - Andrew Lawrence
- Vince LaSalle - Rickey D'Shon Collins
- Ashley Spinelli - Pamela Adlon
- Gretchen Grundler - Ashley Johnson
- Mikey Blumberg - Jason Davis
- Gus Griswald - Courtland Mead
- Miss Finster/Mrs. Blumberg - April Winchell
- Miss Grotke - Allyce Beasley
- Ashley Armbruster/Bonky Theme Singer #1 - Anndi McAfee
- Ashley Boulet/Bonky Theme Singer #2 - Francesca Smith
- Lunchlady Irma - Tress MacNeille
- Mr. Blumberg - Sam McMurray
- Kid #1 - Ryan O'Donohue