Timmy finds out that he has to share his fairies with the new girl in school, Chloe Carmichael, but when Chloe realizes she can use her magic for good, she wishes everyone in Dimmsdale would share everything, and chaos ensues.
Timmy tells Cosmo and Wanda about the Timmy Suit he made. Wanda suggests that it would be smarter to listen to in class but Timmy and Cosmo think it's funny and Cosmo replies that Timmy is too cool to study. As soon as Timmy gets inside the suit, Cosmo accidentally hits the awkward school grade dance button. The Timmy Bot crashes into school. Suddenly the Timmy Suit goes crazy and ejects Timmy leaving Crocker to believe that he's multiplying.
Mr. Crocker turns the front of the class into a mock talk show, to introduce Chloe Carmichael, revealing that she saved her old city from a monster created from radiation. Timmy seems to be annoyed with how bad she makes the rest of the class look. A little later, Chloe discovers that it's a Parent Teacher Conference day, meaning that there's no school today. Everyone cheerily leaves the classroom including Crocker, except Timmy, who is now jealous.
Timmy goes home only to find that Chloe is his new neighbor, and even Timmy's parents like her. Timmy reminds himself that he still has fairly godparents unlike Chloe, only for Jorgen to appear and say that due to a fairy shortage, Timmy is now forced to share his fairly godparents with another kid, and that kid is no other than Chloe herself.