Bud is writing letters to their friends asking for rent money. Mr. Fields demands rent by 5:00. Bud and Lou go to the Friendly Finance Company to get Lou "a loan" in the office. Lou understands this to be "alone" in a brief skit. Despite difficult questions and a thug named Larry (Dick Wessel) carrying out physical payment assurance, Lou borrows $100. He meets fellow pool hall buddy Joe Kelly (James Flavin) who has come into money owning the Nevada Gold Mining Company, Inc. Lou uses the $100 to buy stock in the gold mine. Mr. Fields is familiar with the company and says it was a scam, but allows them extra time to come up with the rent. Mr. Fields is on the committee of the Fraternal Order of Mud Turtles. They're holding a convention in town and asks Bud and Lou to impartially judge their bathing beauty contest. Larry's girl Mabel Murphy (Sandra Spence) is entering the contest and when he sees his borrowers are judges, he feels he can secure their votes. When the letters are answered without money, Bud notifies Mr. Fields, who informs that his niece, homely Columbine (Jan Kayne) will be in the contest and arranges for their vote. Arriving at the contest, Larry notifies Bud that he's giving them $100 to pick Mabel. Mr. Fields also instructs them to pick his niece or else. Complicating matters is that Lou has fallen for Contestant #5. Pressure mounts for Bud and Lou, who receive unexpected news.