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A microchip with secret information on it goes missing and the twins help a spy recover it. Cody gives the chip to Bailey, telling her to hide it and not to look at what's in it, but Bailey looks it up on her computer, anyway. When Cody finds out that Bailey ignored him, breaking her promise, he has mixed emotions. Bailey kisses Cody on the lips as a way of telling him he can trust her, so he forgives her.
- Gildart Jackson as James Smith, Sara Erikson as Red Finger
- This is the first episode of the series to be broadcast in High Definition, and the show now utilizes a 'filmized' appearance (though it is still shot on videotape, as is standard with Disney Channel sitcoms).
- The episode's title is a parody of the tenth James Bond film, The Spy Who Loved Me.