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Bud and Lou attempt to replace Kellaway's horse, which was accidentally fed candy and ended up dead. They find a substitute at a racetrack and take it with them, not knowing it's a champion racer named "Tea Biscuit." The usual antics occur, culminating with Lou's feeble jockeying of the animal. Based on a Damon Runyon story, this was a remake of the 1935 film PRINCESS O'HARA. Includes the tunes: "The Sunbeam Serenade," "Hang Your Troubles on a Rainbow," "Glory Be," "Old Timer" (Paul Francis Webster, Harry Revel).