A girl is saved by a miracle after she falls from a cliff in the Argentine Andes, and is blessed with healing powers. A shrine is built on the site, and a whole city grows around it, rich with gold from the grateful worshipers. Ruiz, an evil and sadistic general, captures the city, confiscates the gold, and closes the shrine. But the Gaucho, the charismatic leader of a band of outlaws, comes to the rescue.

Carmelita Fuentes is a fiery-Latin singer/dancer in Mexico City who has designs on Dennis Lindsay, an American publicity agent, for unclear reasons, while Lindsay's shiftless uncle Matthew Lindsay aids and abets her every step of the way to the marriage altar.

Jimmy Durante is jungle movie star Schnarzan the Conqueror, but the public is tiring of his fake lions. When Baron Munchausen comes to town with real man-eating lions, Durante throws him a big Hollywood star-studded party so that he might use the lions in his next movie. But, his film rival sneaks into the party to buy the lions before Durante.

A con artist and a midget dressed as her infant son, are unmasked aboard a ship by a steward.