It's the Great Depression, and Porky steers clear of the banks. Lured by a get-rich-quick sales pitch, Porky and his partner, Gabby Goat, buy an "oil rich" city lot from slick weasel Honest John. (A sign on the lot reads: "Get Rich Quick/For Sale/This Lovely Lot/Containing Lots and Lots/Oh!...Just Oodles of/Oil!") Porky and Gabby dig for oil, and a stray dog digs for bones. When Porky discovers that the pitch was a scam, and is about to give the deed back in exchange for a refund, Gabby, who has been drilling for oil, hits a gusher. Porky must fight to get the now-valuable deed.