A possible concise summary is:
Jeffy tries to invent a product that will stop him from peeing his pants. He comes up with the Piss Pal, a sponge that absorbs his pee. He goes on Shark Tank and sells 95% of his company for a million dollars. However, he gets sued by the Scrub Daddy company for stealing their design. He loses his money and gets electrocuted by his own product.
Some possible key facts extracted from the text are:
1. Jeffy is trying to invent something to stop peeing his pants.
2. Jeffy's first invention is a clamp that closes the tip of his wiener shut.
3. Jeffy's second invention is a tube that goes into his pee hole and connects to a backpack that collects his pee.
4. Jeffy's third invention is a sponge that he cuts into a smiley face and puts in his pants to absorb his pee.
5. Jeffy goes on Shark Tank to pitch his fourth invention, the Piss Pal, which is a sponge smiley face that he stole from the Scrub Daddy product.
6. Jeffy gets offered a million dollars for 95% of his company by Mr. Pooby, but later has to return the money when he gets sued by Scrub Daddy.