Revised. Press F8 to see instructions. Pick a channel (of your choice), join it, spy it, status it, and end it.

on *:LOAD: {
  window -aek0 @logged
  F8
  echo @logged Those Are The Instructions, Press F8 To See Them Again.
}
alias F8 {
  echo @logged Type /Spy (Channel) To Spy.
  echo @logged Type /End To End.
  echo @logged Type /Status To Check What Channel Your Spying.
}
alias Status { echo %spy Current Spy Channel: %spy $+ . }
alias spy {
  set %spy $2
  join %spy
}
on *:JOIN:%spy: {
  If ($nick != $me) {
    echo @logged %spy $time 3Joins: $nick %spy
  }
}
on *:PART:%spy: {
  If ($nick == $me) {
    echo @logged 3Turning Off Spy System, Exiting Channel.
  }
  If ($nick != $me) {
    echo @logged $time 3Parts: $nick $chan
}
}
on *:ACTION:*:%spy: {
  echo @logged $time 6* $nick $1- %spy
}
on *:TEXT:*:%spy: {
  echo @logged $time < $+ $nick $+ > $1-
}
on *:KICK:%spy: {
  echo @logged 3 $+ $knick was kicked by $nick ( $+ $1- $+ )
}
on *:BAN:%spy: {
  echo @logged $time 3* $nick bans $bnick
}
on *:NICK:%spy: {
  If ($newnick != $me) {
    echo @logged $time 3* $nick is now known as $newnick
  }
  If ($newnick == $me) {
    echo @logged $time 3* $me is now known as $newnick
  }
}
alias end {
  part %spy
  unset %spy
}