Harry Pierce (Bud Abbott) and his friend, Willie Piper (Lou Costello), invest $5,000 in a motion picture studio. They are sold a deed to the Edison Studio by a con man, Joe Gorman (Fred Clark), who immediately leaves town with his girlfriend, Leota Van Cleef (Lynn Bari). The couple heads to Hollywood where he poses as a European director, Sergei Toumanoff, who plans to make a film starring Leota. Meanwhile, Harry and Willie pursue Gorman across the country in hopes of getting their money back after learning that the deed they purchased is worthless. They hop off a freight train near Los Angeles and stumble onto the set of the western film that Toumanoff happens to be directing. He is furious with the interruption, but the head of the movie studio, Mr. Snavely (Frank Wilcox), hires Harry and Willie because he is impressed with their "stunt work".