On the fifth episode of Chalk is Cheap we are joined by "The Man Who Saved Pool in the Twin Ports" Jerry Fredrickson. Nick and Jerry cover many topics including how he got into the pool hall business. He talks about Diamonds, Mr. Lucky's, and Horseshow Billiards, he tells stories about many pool players from the area including a great story about the late Gary Galiford. At the end of the conversation, he names his All-Time Twin Ports Top 5.

This episode features Pool History with Mr. Olson. Nick explains how Pool was brought to North America. At the end of the episode, he reveals the episode's Clip of the Show.