Michael's pretty stoked about being invited to the Dunder Mifflin shareholders meeting to be introduced as the company's most successful branch manager. He even gets to ride in a stretch limo to New York, and Dwight, Oscar, and Andy get to come along. Michael's excitement vanishes when the shareholders meeting turns into a confrontation with an angry mob, which he tries to defuse in typical fashion, i.e. making things up. Even after inviting Oscar to share his plan for saving the company, Michael doesn't get to take part in the second half of the meeting.
Meanwhile, back at the branch, Jim is having his authority questioned, and Ryan's the ringleader. Until the full weecap, suffice to say that Ryan lives to regret it.
Enter Dwight, clad head-to-toe in a black costume that...oh, God, I don't even know where to start. The Samurai sword on his back is the subtlest touch in an ensemble built out of black protective pads, more hobby weapons, a motorcycle helmet with a single eye pasted on the center of the visor, and an LED display on his chest that keeps flashing, "KILL." "Not again," Oscar says wearily. "Bow down before Recyclops!" Dwight bellows.
Jim's got some retconning to do. He explains how Corporate imposed a recycling program five years ago, and Dwight took the lead, "And introduced us to a very close friend of his named Recyclops." What follows is a completely awesome montage of Recyclops through the seasons, starting when he just showed up in an Earth Day t-shirt and a green Cyclops bandanna around his forehead while Jim and his slacker bangs were draped over a reception desk staffed by a frizzy-haired Pam. Jim's narration continues, as Recyclops evolves through a parade of receptionists that includes Ryan and that middle-aged lady whose name I can't remember. "Then tragedy struck Recyclops," Jim talking-heads, "when his fictional planet was attacked by some other fictitious thing I can't remember." Then we're back to today, when Pam excitedly tells everyone, "Look, it's Recyclops!" "Recyclops destroy!" Dwight howls, hurling crap on the floor. "Oh, is today Recyclops day?" Stanley asks mildly. "I though you were killed by Polluticon or something." Dwight sprays an aerosol, ignoring Andy's protests that it's terrible for the environment. "Humans are terrible for the environment!" Dwight retorts, leaving a path of destruction to the annex. Pam talking-heads next to Jim, "The thing I like most about Recyclops is that he's creating a different world for our child. A world where you truly can be anything you want." Dwight is seen sweatily sucking a soda can dry in the break room, then missing the recycling bin by a mile. Cyclopses have terrible depth perception just by definition, you know.
Michael is making everyone help him rehearse for some kind of brief greeting, then THs that the CEO is going to introduce him at the upcoming shareholders meeting "as the most successful branch manager that they have." He's trying to be cool about it, but he's either really stuffed up or more verklempt about this honor than he's letting on. Michael tries one wave with a twirl thrown in, which everyone tells him to leave out. He says he's not going to do it, plus it's not even a twirl, but a spin, "I might do the spin."