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"The Great Phatsby: Part One" is the twelfth episode of season 28, 1st part of the one-hour long episode The Great Phatsby. The episode aired on January 15, 2017; followed by Part Two. It is written by Dan Greaney and directed by Chris Clements. Keegan-Michael Key guest-starred as Jazzy James.

Mr. Burns tries to relive his glory days, and crosses paths with a mysterious music mogul. Burns is then conned by him and reduced to bankruptcy. Also, Lisa is courted by the richest kid in town and Smithers begins a perilous journey.

Mr. Burns is reminiscing about his youth, while receiving a double shot of fresh blood. To relive part of it, Smithers suggests a party at his Summer Mansion in Middle Hampton. Instead of store-bought ice, Burns cheaps out and sends Smithers to Canada to bring some lake ice...