Frankie Reynolds (Frankie Darro' ), youngest member of a family of jockeys, borrows $4.85 (yes, four dollars and eighty-five cents) from his sister Phyllis (Gladys Blake), who is not a jockey, to buy a crippled colt from the stables owned by Clay Harrison (Kane Richmond).
Someone is murdering the cast and crew of a new Hollywood movie, and the leading lady may be next. As a police detective locks down the lot and refuses to let anyone leave, the studio’s publicity head and his secretary attempt to solve the murders themselves.
The terrible tempered Mr. Bang is commuting to work. When the trolley takes more than 5 seconds to arrive, he follows the tracks to the Skipper's house, where he bets him $10 he won't get to work on time.
Oswald the Rabbit and his little brother catch the Slumberland Express and it carries the assorted animals to childhood's dream of paradise - an amusement park where all the games are free, and windows are provided just to be broken by an abundant supply of free rocks, and old men wear silk hats to provide targets for snowballs.