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Spendy is the romantic pairing/friendship of Teddy Duncan and Spencer Walsh (Spen/cer + Ted/dy). Teddy and Spencer have an on and off relationship having dated throughout the first season, were broken up and frenemies during the second season, dated again during the third season, and were friends during the fourth. Spencer is Teddy's most notable love interest throughout the show, the second being her brief boyfriend, Derek.
Teddy and Spencer first meet at school, and Teddy instantly falls for him. The couple plan a study date at the library, but when Amy makes Teddy stay home and watch Charlie, Spencer and Teddy have the study date at her house. The pair try to get romantic all night, such as putting on lip gross or using breath spray. Teddy and Spencer nearly have their first kiss, but it is interrupted when Bob drops Charlie while falling down the stairs, but quickly catches her. ("Study Date")
Teddy and Spencer and Ivy and Emmett go on a double date to the school dance. Teddy's crush for Spencer continues to blossom, but at the dance, Spencer and Emmett get into a dance battle and Spencer ignores Teddy during the entire dance. On their way home, Ivy and Emmett stop the car for gas, and Ivy urges Teddy to have her first kiss with Spencer. After a heart to heart talk, the two finally kiss and become an official couple. ("Dance Off")
Teddy starts spending a lot of time over at Spencer's house since his house is always quiet, clean, and delicious food. One night when Teddy is over there, her family is on TV for a viral video, and Mr. and Mrs. Walsh makes fun of the Duncan's without knowing Teddy is their daughter. Spencer stands up for Teddy and tells them that they are making fun of her family, and that they are really nice people. The Walsh's apologize, and Teddy forgives them. ("Charlie Goes Viral")
Teddy and Spencer enter the talent show together, but after not being able to teach Teddy to dance, he fakes a leg injury in order to get out of humiliating himself during the talent show. Ivy see's what Spencer is doing and calls him a chicken. Teddy soon finds out, and angrily storms away and performs with Emmett instead. After several mishaps involving all the performers except PJ to get injured, Teddy and Spencer make up. ("Duncan's Got Talent")
One day while Teddy and Spencer are hanging out in the Duncan house, Charlie gets upset and throws a toy hammer at him. Teddy soon starts to suspect something is up with Spencer when he comes up with excuses to not go to her house much. Teddy goes to his work at a Smoothie play where he finds his arm around another girl, Skyler. Spencer see's Teddy and quickly gets up to talk to her. Teddy asks who she is and he says that she is his cousin. Skyler and Teddy talk later on, and find out that Spencer has been lying to both of them saying they were his cousin when he was dating both of them. Teddy and Skyler both confront Spencer and break up with him. ("Girl Bites Dog")
After her break up with Spencer, Teddy is heartbroken and almost never comes out of bed. Ivy calls up Skyler, Spencer's other ex-girlfriend and they get together and write a hateful song about him that they are going to post online. Spencer shows up at Teddy's house wanting her to forgive him and get back together. Teddy refuses to forgive him and says that she doesn't want to get back together. Teddy and Skyler decide not to upload the song, but remain furious with him. ("Teddy's Broken Heart Club Band")
When a 12 year old kid develops a crush on Teddy, she lies to Spencer, who already has a new girlfriend, by saying that Austin is her new boyfriend. Spencer soon discovers that Austin is a 12 year old, leaving Teddy completely embarrassed. ("Teddy Rebounds")
After not speaking in about a month or two, Spencer follows Teddy to a ski lodge where she is spending winter vaction where he is there to win her back. He reveals that he broke up with Nicole after realizing he still loves Teddy. Teddy says she has to think about it because she is still upset that Spencer cheated on her. At Bob and Amy's wedding, Teddy and Spencer meet up with each other, and Teddy says that she just wants to be friends. Spencer reluctantly agrees and they enjoy the wedding. ("Snow Show, Part Two")
Teddy and Spencer's ex-girlfriend, Skyler perform in the Battle of the Bands concert with PJ and Emmett against Spencer. Teddy and Spencer are shown not to be on good terms like they were in Snow Show, Part Two. Spencer brags about how he's going to perform solo, but in the end, Teddy, Skyler, PJ, and Emmett win, and Spencer secretly calls Teddy a clump nugget. ("Battle of the Bands")
When Mr. Piper assigns rolls to have a class court, Teddy and Spencer clash once more. Spencer becomes close friends with Ivy's boyfriend, Raymond, which leads Ivy to wish Teddy was dating Spencer again. Teddy briefly argues with Spencer, and Spencer says he thought they were friends. Teddy reveals that when she said they were friends, she didn't mean it. ("The Singin' Dancin' Duncans")
After a long absence, Spencer finally appears again when Teddy tries to get a summer job at a beach clothing store in the mall. Spencer tells Teddy that she has to act dumb in order to get the job, because the manager wants employees that are loose and carefree. Spencer and Teddy are shown to be good friends by this episode. ("PJ in the City")
After the drama with possible feelings for Emmett, Teddy is relieved that Emmett quit and there is a new frog working in her show at Super Adventure Land. Teddy is shocked to discover that Spencer is the new frog. ("Return to Super Adventure Land")
After the events in the episode before, Spencer asks Teddy to get back together. He asks Teddy for a second chance and promises to never cheat on her again. After Amy gets Teddy a car so she never has to kiss Spencer, she decides to get back together with him, and Bob and Amy give their blessing. ("Can You Keep a Secret?")
Teddy and Spencer are happily back together, and still working at Super Adventure Land. The couple is tired of performing outside in the heat all day, so they audition for an inside job as George and Martha Washington. Spencer gets the job, and Teddy doesn't. When Spencer's new co-worker attempts to flirt with Spencer, Teddy ruins their first show as she dresses a Ben Franklin. After the show, Teddy and Spencer kiss, and are subsequently fired since some kids found George Washington and Ben Franklin kissing. ("Make Room for Baby")
With Teddy and Spencer back together, Spencer hasn't won a single basketball game causing the whole school to think Teddy is a jinx. In order to prove them wrong, Teddy and Spencer stage a fake break up and they will announce their "reconciliation" after Spencer wins the game. Teddy accidentally gets excited to soon when she thinks Spencer has already won the game and goes ahead and tells people that they never broke up. Spencer is now under pressure that he has to make the next shot or they loose the game. Spencer makes the shot and wins and he and Teddy hug. ("Bad Luck, Teddy!")
Teddy and Spencer bring Charlie to see Santa Clause. Unfortunately, Santa goes on break before Charlie can see him causing Teddy to get frustrated. Teddy ends up in Super Adventure Land jail again. Spencer recuses himself from testifying because he's in happy relationship with Teddy. They sing "Song for you" during the Duncan's talent show. ("A Duncan Christmas")
("All Fall Down")