After his death, Fred Mumford wants a second chance at achieving the success that eluded him in life. Coming back to Earth as a spirit, he recruits a Victorian gent and a medieval jester to set up 'Rentaghost', a supernatural service for wanted hauntings.
The Meakers move into Mr Painting's old house which just happens to be next door to their old neighbours, the Perkins.
Mr Meaker becomes an ice skating champion while Claypole and McWitch contract a psychic illness. Meanwhile, Mr Perkins' moustache turns into a sausage.
Mr Claypole gives the Perkins a magic talisman that grants wishes, which results in a geranium growing on Mrs Perkins' head.
The Meakers and ghosts discover what it's like to be toys.
Queen Matilda, a ghost from when Mr Claypole was alive, decides to hold court at Rentaghost.
The Meakers celebrate their wedding anniversary and Harold opens a gardening store at the Rentaghost office.