Streams of green code fall across a black screen. The words "He Is... the One" appear. Numbers start to band together to form SpongeBob, who is dressed as Neo from The Matrix, also known as "the One" in the movies. Clones of Patrick, dressed like Agent Smith, open a metal door and start running toward SpongeBob. He spins on a bo staff to defeat the Patrick clones, and the logo SpongeBob (Re-Hydrated) appears. The short ends with SpongeBob jumping toward the screen at a fast pace.
It was used as part of Nicktoons Network's on-air continuity in 2003, when The Matrix Reloaded was popular and playing in theaters. Goopy Rossi, a longtime Nickelodeon animator best known for his work on Blue's Clues and Jimmy Neutron: Boy Genius, directed the animation for the short at Nickelodeon Digital in New York City.