Double Date - S4-E18
Continuity mistake: Nick and Carl argue about the incident at the college campus, in May 1970. In the episode "Drivers Education" (season 2), Tony and Joey looked at Nick's high school yearbook from 1970. He couldn't have already been a college student in May of that year.
Answer: He was making a business deal and the person on the phone wanted a 50-50 split of the profits. But Nick said it's a 95-5 split. Meaning he gets 95% of the profits.
Bishop73