The assignment content discusses the ethical dilemma faced by a struggling toymaker who approached Nathan Fielder for help. Nathan created a strange advertising campaign that suggests children need to buy a ball called 'Doink-It' in order to be cool or popular. The utilitarian approach is used to analyze this issue, concluding that the consequences of Nathan's actions have benefited many people. However, the deontological and virtue ethics approaches also highlight the importance of duty, obligation, and virtuous traits and dispositions in making moral decisions.