phase 1: underpants

Very bored. Very hungover. Found this old gem from South Park:

A picture of their chart can be found here.
[In the gnome's cave]

Gnome 1: This is where all our work is done.
Kyle: So what are you gonna do with all these underpants you steal?
Gnome 1: Collecting underpants is just phase one. Phase one: collect underpants.
Kyle: So what's phase two?
     [Silence]
Gnome 1: Hey, what's phase two?!
Gnome 2: Phase one: we collect underpants.
Gnome 1: Ya, ya, ya. But what about phase two?
     [Silence]
Gnome 2: Well, phase three is profit. Get it?
Stan: I don't get it.
Gnome 2: (Goes over to a chart on the wall) You see, Phase one: collect underpants, phase two-
     [Silence]
Gnome 2: Phase three: profit.
Cartman: Oh I get it.
Stan: No you don't.
Kyle: Do you guys know anything about corporations?
Gnome 2: You bet we do.
Gnome 1: Us gnomes are geniuses at corporations.