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Start by exploring Hungary's communist past. Head to Statue/Memento Park and have a gander at the eery and "petrifying" former communist leaders cast in stone. Take the direct bus back to town for a lunch at any of Budapest's etkezos (old school diners), and then continue on to the Terror House Museum for a once-over of the country's 20th century dictators.
After that, I can recommend dinner somewhere in the 7th district, a chilled drink at Mumus in the Old Jewish District, and then a party on A38 - the old Ukranian freighter! If the weather's nice, forego the old ship and have a cocktail on Margaret Island in any of the many garden bars.
After a greasy Sunday breakfast, head over to Szechenyi (one of the many Turkish baths) for a bit of relaxation and re-hydration. While in the area visit Heroes' Square and the City Park castle. Wind the afternoon down with a stroll along the river and enjoy some of the city's greatest architecture - the Synaogogue, Basilica and Parliament.