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Jame's Gleason's daughter, Margeret Callahan, wants to get married to Russell Gleason (his real life son), but they need money, so Gleason offers to pick out a winner at the racetrack with Russell's money. He does, much to the youngsters' delight, but loses the money. Complications ensue.

This highly competent cast (including Zasu Pitts as Gleason's wife) never quite hits the mark, due to an unsuccessful attempt to merge a crazy comic plot with some realistic characterizations. There are a couple of small moments between Gleason and Pitts that are quite charming, but co-directors Gleason and Ray McCarey never quite manage to meld the two strands in this RKO B movie.