It was a workplace sitcom focusing on Scott Baio's character living in present-day 1996 (remember ALF? He's back in pog form.) In each episode he would encounter a Wacky Situation which would remind him of another Wacky Situation he experienced as a teenager in the 70's, leading to an elaborate flashback. The resolution of the 70's b-plot would inevitably provide a lesson that Scott would use to solve his present-day problem of the week.
Anyway, the show's pilot was apparently so bad that Fox insisted they reshoot the entire thing, and the reshot pilot was so bad that Fox gave up and just cancelled the show without airing a single episode. And so Scott Baio went back to his fulltime job of being an unemployed toilet person.