Monty P. Moneybags is a short stubby fish with a mustache, light salmon colored skin, and faded purple lips. He wears a light yellow and orange checkered jacket, and a dark blue tie. He wears brown pants and black shoes much like '. There is a small light green flower on his jacket. Apparently, he doesn't wear socks.
Monty P. Moneybags first appears in this episode. He enters Squidward Tentacles' art class to find art for his art collection. However, he only happens to humiliate and demean Squidward along the way, until he sees a glorious statue that was actually built by SpongeBob. He promises to give Squidward fame, fortune, anything he can imagine, only for the statue to be destroyed. He thinks Squidward can prepare a new one, and leaves Squidward alone, as Squidward scrambles to find SpongeBob.
He later appears in the episode during Squidward's rampage. Squidward, thinking that the mess he made looked terrible, quit and left the Janitor responsible. Monty P. Moneybags, seeing an even more glorious statue in its place, dubs the Janitor the greatest artist who ever lived.