Glenn Higgins and Patsy Jones are a song-and-dance team traveling the vaudeville circuit across the United States. In Kentucky they land in a tank-town full of sharpies and wise-guys, wearing spats and carrying canes, who have reasons for wanting a horse named "Hot Heels" to not win the race in which he is scheduled to run. This does not bode well for the vaudevillians as Glenn, acting on a hot tip from a hot vamp, has bet the pair's bankroll on "Hot Heels" to win.