While Elaine is depressed about the low quality of her apartment, Jerry overhears Harold and Manny, the managers of his apartment building, discussing a death that makes an apartment available. Shocked by the low rent, Jerry tells Elaine that he will be able to get her the apartment above his. She is extremely excited to hear this, as she will be able to live near Jerry. Jerry belatedly realizes how intrusive Elaine might become and discusses his problem with George. They also talk about how women seem attracted to men wearing wedding rings. George borrows one from Kramer to test this hypothesis at a party. Harold and Manny inform Jerry that someone else has offered $5,000 for the apartment, so they will give it to him unless Elaine matches his bid. Jerry sees this as a perfect escape, since Elaine cannot afford the higher rent. Kramer walks in on Jerry breaking the news to Elaine. Oblivious to Jerry's real feelings, he pressures him to lend Elaine the rent money. After she leaves, Jerry rebukes Kramer for his faux pas. Later, Elaine, Jerry and George go a party where Elaine asks Jerry if it would be uncomfortable for them to live so close to each other; Jerry says he's not worried about it but soon feels stupid for not telling her the truth. George's wedding ring plan backfires, as women who are otherwise attracted to him are unwilling to pursue a married man. To make up for his earlier mistake, Kramer finds somebody who is willing to pay $10,000 for the apartment, a sum so large Elaine would not be willing to borrow it from Jerry. However, the new renter is a musician who constantly plays loud music, and Jerry ends up regretting not letting Elaine rent the apartment.