The movie takes place on Oslo's east side sometime during the twenties. It depicts the workers' environment by traditional elements like unemployment, strike, poverty, alcoholism, absent fathers, wise and tired mothers, the dream of a better life and the friendship between the boys in the street.

Egon Olsen is the leader of the Olsen Gang. While he was in the slammer, he planned how he would steal the fantastic golden figure Keizeroppzatsen.

Music film with the band Sven-Ingvars. The band plays travelling musicians from 19th century Värmland, who are commissioned to save an earl's daughter, who has been kidnapped by an evil and music-hating officer. The band travels to USA and the dangerous town of Desperado City. Here they meet Indians and bandits, look for gold and take part in a bar brawl.