George Bailey has spent his entire life giving to the people of Bedford Falls. All that prevents rich skinflint Mr. Potter from taking over the entire town is George's modest building and loan company. But on Christmas Eve the business's $8,000 is lost and George's troubles begin.

An unfortunate marriage and a bogus Count are the ingredients for this musical.

Daisy, the Bumstead's mischievous mutt, makes the family a little extra cash when she wins a contest to become a model for the Navy. From there she becomes the favorite calendar gal. All the attention to the dog, makes Dagwood feel that his position as master of the house is jeopardized. Meanwhile all the attention catches the greedy eyes of gangsters who try and abduct Daisy!

Dagwood accidentally discovers a non-flammable paint. Bad guys Dillon and Stack steal it before he can give it to his boss Radcliffe. To show off his invention, Dagwood paints Radcliffe's house with it and is disgraced when the house burns down!

Upon waking up to the news that the man she’d gone on a date with the previous night has been murdered, a young woman with only a faint memory of the night’s events begins to suspect that she murdered him while attempting to resist his advances.

To avoid a costly breach of contract suit, a rich young man marries a nightclub singer.

Accountant Augustis King discovers that his wife, Marfhe, is having an affair with his boss Sam Bellows. He telephones Internal Revenue Bureau that he can give evidence of a large tax-evasion racket. Before IRS-agent Steve Daniels arrives, King is murdered by a henchman of Bellows and his partner, Ernie Medford. Daniels discovers that Bellows and Medford are smuggling gold bullion from their mine in Mexico, and sell and bank the money under assumed names. they hide the bullion in a compartment welded to the bottom of a car.

A girl owns a horse, and hires a boy as a trainer. The horse enters a race and is injured. The boy takes job at another stable and is semi-seduced by the stable siren. The girl finally rehabilitates the horse then enters it in a big race.

A young man asks a hat check girl to pose as his fiancée in order to make his dying father's last moments happy. However, the old man's health takes a turn for the better and now his son doesn't know how to break the news that he's engaged to someone else, especially since his father is so taken with the impostor.

Slip and Sach go to prison to help a reporter with a story.