While playing baseball near the home of wealthy hypochondriac, Mr. Morton, the gang inadvertently breaks one of his windows. This mishap coincides with a plan hatched by Morton's wife to get her husband's mind off his imaginary illnesses by adopting some children.
The gang puts a phony absent note on their teacher's desk so they can go to the circus, then have to get it back when they find out that the class was going on a field trip to the circus anyway.
Weighing themselves on a penny machine, the Our Gang kids receive a fortune card predicting that they will receive "unexpected riches." Acting upon this, the kids decide to dig for buried treasure, using a fraudulent map provided by one of their wise-guy acquaintances.
Froggy hatches a plan to get Mickey, Buckwheat, and himself sent home from school early so they can go fishing. When the plan backfires, the boys decide to play hooky the next day. At the fishing hole, there are plenty of lunkers just waiting for the bait, but the boys have some comic trouble....
Spanky and Alfalfa plot to play hooky so they can go fishing, by pretending that Alfalfa is sick and Spanky should stay with him while the parents are away. But Spanky's mom, knowing the truth, turns the tables by insisting they also watch Spanky's little brother. But taking care of little brother...
In an effort to impress Darla, Alfalfa tells her that he's a famous bear trainer. Little does he know that Darla's father owns a circus - and a bear costume. It's time for everyone to uncover the "bear facts".
It is a premiere night at the Fox Carthay Circle theater, and the Our Gang show up to observe the festivities. But after the Gang causes a disruption, the police send them scurrying home. Not to worry--the Our Gang stage their own premiere night in the clubhouse barn.
When Froggy discovers the fabulous salaries paid to radio stars, he gets the idea that the gang should be in on the action. But success in radio requires a sponsor. They audition comedy skits at the dentist's office, and Shakespeare at the mortuary. Their efforts to snag a sponsor are without...