Peter throws a bachelor party for Carter Pewterschmidt, who has a heart attack and ends up in a coma. Lois is given control of her father's company, but decides that she has no idea how to run a company and instead makes the mistake of letting Peter take over in her place.
As you'd expect, giving the keys of a billion dollar company to Peter Griffin leads to some pretty disastrous results. Before coming onboard and firing the entire board of directors, Pewterschmidt Industries seemed to be doing very well financially. Peter decides to change the company's direction and comes up with some ridiculously creative but pointless product ideas such as "Jeremy Irons Cereal," "an African American heart monitor" and "Scream in a Box." Given the fact that he had billions to play with, one might have expected a bit more from Peter's propensity to come up with pointless ideas. The African American heart monitor was pretty funny though, especially considering the fact that it thoughtfully came with two settings: Barry White and Bill Cosby.
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