Giddy builds a jet-propelled speedboat so he can win a $50 first prize in a boat race. Rick and Casper sabotage Giddy's boat by adding more rocket powder. Giddy shoots by the finish line so fast the judges don't even see him and award the first prize to Rick and Casper. However, Giddy ends up winning $500 in an airplane race 20 miles downriver before his rocket tubes ran out of fuel.
Promised by payment in jewels, Handy Pandy, Fix It Man, is hired by Ali Ben Tanc to install a secret sealed door on a mummy's tomb that only Ali Ben Tanc and his trusted servant can open. After installing the seal, Handy is thrown into the tomb to perish along with the secret. Handy uses dynamite to blow himself out of the tomb, landing on a homeward bound airplane. While he has escaped from Ali Ben Tanc, he does not get any payment for his work.
To help pay the mortgage, young Hickory wants to enter a cross-country race with his horse, Marybelle, to win the $500 first prize. However, before the race, his father sells Marybelle to make an installment payment on the mortgage. Hickory learns that his cow, Nancy, can jump fences, so he enters the race riding the cow. He wins and uses the money to pay the mortgage and buy back his horse.