The short starts with Panty, who is chewing gum. She spits the gum and it lands on Stocking's hair. Stocking panics and tells Panty her filthy gum landed on her hair, and it won't come off. Panty apologizes and tells her she is going to fix it. Panty cuts Stocking's bang off, but since the balance of her hair is not right, she cuts Stocking's bang on the other side too.
Stocking is still in shock, so Panty cuts her hair at shoulder length. Since Stocking doesn't say anything, Panty makes several more haircuts after that, each one shorter than the last, until Stocking ends up completely bald. Now enraged, Stocking cuts Panty's head, making her bleed all over herself. Stocking shapes Panty's blood like her old haircut, assuring that would do.