Lt. Quinton McHale and his navy crew concoct a plot to make some money from horse racing results, but the plan flops and they ring up a $2,000 debt to a troop of Marines. When they try to recoup their losses, their ship runs into a building, which only compounds their debt. Soon McHale and Parker devise a new idea: they will steal a racehorse and enter it in a race in disguise, hoping to win.
