The stooges are gypped into trading their restaurant for "Thunderbolt", a washed up race horse. When Curly feeds Thunderbolt some chili pepperinos, he runs like crazy towards the nearest water. The boys enter Thunderbolt in a big race. With jockey Larry feeding Thunderbolt the pepperinos, and Moe and Curly on a motorcycle leading him with a bucket of water, they win the race.

Porky Pig is on his way to the store to pick up some groceries for his mother when he walks by a sign saying that the local movie theater is having a "kids admitted free" day. The excited Porky rushes in and views a series of spoofs of newsreels, movie trailers, feature films, and even the Lone Ranger!

Moe discovers Curley's unknown boxing talent when he knocks out the Champ at a restaurant when Larry plays "Pop Goes the Weasal" on the violin. Moe becomes Curly's manager, and they win every fight, with the help of Larry. At the championship game, though, Larry's violin breaks. Curly is getting beat down bad when Larry makes his unexpected entrance and helps Curly prevail.

Barbers Willy Nilly and Hercules Glub have opened a barbershop in an Indian reservation, where they have no customers. When suddenly a white man asks for a shave, several Indians of the Oopadoop nation also enter, hearing the usual barbershop banter about foreign debts, they force them to be ambassadors of their nation at the Peace conference in Geneva. Ammunition industry executive Winkelreid is scheming to prevent their mission becoming an success, but the vamp Dolores aboard the ship fails, falling in love with Nilly, and so does Fifi, the toughest person of the world in Paris, falling for Glub. Although Winkelreid is able to steal their secret papers, Nilly and Glub don't give up after being reminded by constant observation of their Indians and enter the Peace conference, which turns out to be a battlefield...