Pete and Pete are two redheaded brothers living in the somewhat surreal town of Wellsville. Pete, the older of the two, narrates the stories about their adventures in everyday life.
Little Pete and his father unite to beat a neighborhood nemesis in a race between a station wagon and a remote-controlled toy car after a 16-year-old feud.
On New Year's Eve night Little Pete looks back on his failed attempt at a resolution to change the world. As he sees it the only thing he needed was the Riley Retro-Fire Jetpack to fix countless problems worldwide. With the failures of seasons past he becomes more and more desperate for the $456.98 needed to buy the jet-pack. In this episode Little Pete enlists the help of Big Pete, Artie, and even Frank the crossing guard.
