Jimmy sees a flyer inside the Glass Jaw Boxing Club advertising a Boxing tournament. The reward for winning is a house in Old Bullworth Vale worth $1,000,000. He decides to take advantage of the contest and enters the Boxing Gym.
After Jimmy beats all of them, Justin informs him that he isn't eligible to win the prize because his parents aren't members of "The Board". Instead they give him a run-down house underneath the lighthouse for his use.