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From SpongePedia, the First SpongeBob Wiki.
Mr. Krabs and SpongeBob with the Penny Pinchers
The Penny Pinchers (or Cheapskates) just appear in the episode Kracked Krabs. They are all crabs. In that episode, they nominate Mr. Krabs the Cheapest Krab underwater.
 Contestants (Nominees)
The Penny Pinchers all look like Mr. Krabs and some also have a beard.
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