A possible concise summary is:
Three friends are bored and want to play catch with a new yellow ball, but they mistake one of them, Cody, for a crazy lunatic who eats fingers and eyeballs. They keep calling the cops on him, but the cops don't believe them and arrest Cody multiple times. They try to catch the real lunatic by using an eyeball toy as bait, but they end up inviting him to dinner instead. The cops finally catch the real lunatic, but then they announce that there is another lunatic who looks like Junior, one of the friends.
Here are some key facts extracted from the text:
1. Joseph got a new yellow ball from the dollar store for free.
2. The news reported that a killer named Cody who eats fingers and eyeballs was on the loose.
3. Cody, Junior's friend, was mistaken for the killer several times and got arrested by the cops.
4. Junior and Cody tried to catch the real killer by using an eyeball toy as bait.
5. The cops finally caught the real killer at a restaurant called Footlong Bangers.
6. The news reported that another lunatic named Junior was on the loose.