spongebob has a dream where he's stalked through a boiler room by every1s favorite dream demon , freddy krueger ! when krueger finall catches up with him , spongebob awakens in bed screaming ! squidward and patrick are woken up and go over to see what's wrong with him ! spongebob says he just had a bad dream , but patrick points down to spongebob's chest which has 4 slashes in it , similar to the 1s he recieved in his dream ! now they're all convinced it wuz more than just a dream ! the next morning , mr. krabs asks spongebob and squidward what went on with them ! they tell the story , but mr. krabs merely laughs at them but agress to come over to see if it's true , as do sandy , mermaidman , and barnacle boy , who were listening in on the conversation ! that night , they all come over to spongebob's house , as does patrick , and they all go to sleep ! in the dream world , they are all in the boiler room , and squidward sees his clarinet on the wall and goes to get it , but it starts to play itself , annoying squidward ! then it's says "this number will be your last !" then the clarinet sucks squidward in ! patrick sees a krabby patty on top of a pipe and happily goes over to eat it , but it eats him instead , then says "shoulda went on a diet !" mr. krabs sees sacs of money hanging from a pipe and rushes over to get it , but the money starts flying all around him , eating him up , then they all merge to form a green freddy krueger , who has money sticking out all over him , and says "money isn't everything !" gary sees a female snail and rushes over to it , then the female snail turns into freddy krueger , who tears gary out of his shell and smashes his shell , saying "no wonder the french like these things !" sandy suddenly has her helmet broken and water pours into it , suffocating her until she dies ! then freddy says to her "how's this for a wet dream ?" mermaidman and barnacle boy see a robbery in progress and try to stop it , but the robber turns into freddy , who bashes their heads in , killing them , and says "ignorance of the law's no excuse for beakin' it !" spongebob is left alone in the boiler room ! freddy appears in front of him , saying "this sponge has been overused ! and now , it's time to wring this sponge dry , FOR GOOD !" freddy lashes out at spongebob , who stretches his arms out to slap freddy repeatedly , and freddy grabs spongebob's arms and swings him around , bashing him into a wall , then he says "welcome to my nightmare !" before ripping his hands off , then cutting him up !