Visky Andras, a medical professional, gets dejected in life as he is unable to get a job despite his degree. He plans to commit suicide but a chance meeting with a homeless man changes his life.
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).
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.
Joyce Reid, a wealthy young debutante, stows away on a cargo ship to China, carrying as passengers her dashing aviator sweetheart, Dan Bailey and and her munitions-producing father, E.
Although Larry "Buster" Crabbe earns top billing, the hero of Drift Fence is former Western star Tom Keene as Jim Travis, who, at a rodeo, meets city dweller Jim Traft, who has come west to erect a fence that will prevent Clay Jackson from continuing his cattle rustling business.
In London, August 1914, Austrian star Elsa Duranyi (Gertrude Michael) and English matinee idol Alan Barclay (Herbert Marshall) are in love and plan an immediate marriage.