A private detective, who has been shot, stumbles into the office of Michael Shayne (Hugh Beaumont), and dies before Shayne can question him. Shayne finds a baggage ticket in his hand. He claims it and finds the checked-bag contains the loot from a robbery. Now, he has about fifty minutes left of the running time to find the crooks, bring them to justice and return the money to the rightful owners. And needs all of it.

In a series of flashbacks, shows that attorney John Morland has given a lift to a hitchhiker who turns out to be a murderer. As a result, Morland himself is implicated in a killing. A pair of detectives discover that Morland has been having business problems and no end of difficulties with his wife Catherine. The trail of clues leads to a surprising revelation.

On a scientific expedition to Siam young Billy Batson is given the ability to change himself into the super-powered Captain Marvel by the wizard Shazam, who tells him his powers will last only as long as the Golden Scorpion idol is threatened. Finding the idol, the scientists realize it could be the most powerful weapon in the world and remove the lenses that energize it, distributing them among themselves so that no one would be able to use the idol by himself. Back in the US, Billy Batson, as Captain Marvel, wages a battle against an evil, hooded figure, the Scorpion, who hopes to accumulate all five lenses, thereby gaining control of the super-powerful weapon

After several female motorists begin disappearing en route to Twin Falls, a Hollywood screenwriter and the cousin of his bride-to-be discover that they've all been abducted by the mysterious Dr. Marlowe, who is attempting to resurrect his dead wife.