A possible concise summary is:
A boy and his friends try to win a PS5 by making a jingle for Cookie Crisp cereal, but they end up stealing slogans from other companies. A police officer who gave them the PS5 takes it back and then gets sued by the CEO of the companies whose slogans were stolen. The CEO takes the PS5 from the officer and leaves. The boy learns not to steal.
Here are the key facts extracted from the text:
1. A group of friends are trying to come up with a catchy jingle for Cookie Crisp cereal.
2. They watch a TV commercial where a marketing executive is looking for a new jingle for Cookie Crisp.
3. The executive is offering his PS5 as a prize for the best jingle.
4. The friends decide to enter the contest and come up with a jingle.
5. They submit their jingle, but it is later revealed that they stole ideas from other companies' slogans.
6. The friends win the contest, but the executive takes back the PS5.
7. A police officer visits the friends' house, claiming to be looking for a PS5.
8. The friends accuse the officer of stealing their PS5.
9. The officer denies the accusation, but eventually returns the PS5.
10. The CEO of several companies (including McDonald's, Burger King, and KitKat) visits the friends' house and sues them for using copyrighted slogans in their jingle.
11. The CEO demands the PS5 as compensation, and the friends reluctantly give it up.