Thinly veiled reworking of the Wyatt Earp story with the renamed Michael Wyatt rolling into Tombstone, becoming acquainted, teaming up, and cleaning up the town with the help of “Doc” Warren and saloon singer Queenie La Verne, while sweet young maiden Mary Reid waits patiently on the sidelines.
After having been swindled out of all their money by a crooked business manager, formerly wealthy socialites Jerry and Carol discover that they owe their chauffeur and maid back wages they are unable to pay.
This is a minor variation on the story of the Boy Who Cried Wolf where Oswald the Lucky Rabbit tends a couple of lambs who tease him by crying 'Wolf! Wolf!' until the real article shows up.