events witnessed

Outside in the ally, Jed, an old tramp mused on what he had just witnessed. This strangely acting young man being carted off in the patrol car. He shuffled over to the bushes where he'd seen somthing fall from the chaps neck.
He hunted around for a moment, then he found it .
A strange looking medalion, he wiped it on his sleeve, then bit into it, testing what type of metal it maybe. "i might get a few dollers for it " he muttered to himself, hooking it around his neck, so as not to loose it, He reached into his bag pulling out a bottle from which he took a swig, as he shuffled off in search of somewhere warm to spend the night.
Jed was several blocks away when decided to settle down in a doorway at the side of a small exclusive nightclub. Sally a pretty 25 year old barmaid had just finished her shift. She was in a hurry to get home, it was late, and she never felt safe going home after her late shifts. She hurried around the corner, falling over the sleeping tramp. Next instant she began to feel dizzy, and passed out ontop of Jed.
Unbeknown to either of them the medallions changes had started to take effect, and in a short while, they had both changed forms. Sally the once attractive barmaid, now appeared to be an extramly scruffy looking old man with long scraggily beard and wiskers an almost fagin looking type, though she, now he, was still dressed in a short black mini dress, the uniform from the night club.
While the now attractive young woman also laying asleep, was wearing several layers of scruffy, jackets, trousers, duffle coat.The meddallion still hanging from around their neck.
The pair of them lay in the alley at the side of the night club, both of them appearing to be fast asleep until...