The mortgage is due by 6 p.m. or Grandma and Oswald will lose the homestead. Oswald is forced to take the beloved old milk cow to market. On the way, he's accosted by a scary old witch. She wants the cow and gives Oswald a bag of magic beans in exchange. The beans grow into a huge beanstalk which transports Oswald to a giant ogre's castle in the clouds.
After reading the story of Little Red Riding Hood to three kittens in a cradle, Oswald the Rabbit goes to sleep thinking about the girl heroine. In his dream, he sees the girl pass by and decides to pick a couple of flowers for her. But the stems are impossibly long, and no matter how much he pulls, they just get longer and longer. Meanwhile, a wolf, craving the girl's basket of goodies, pulls the wool off a nearby sheep and disguises himself in it. As a bogus sheep, he asks questions of the girl. She reveals she is going to grandma's house. Soon, the wolf is at grandma's door. The old woman is so frightened, she swallows her harmonica. The wolf stores her in the icebox, promising to eat her later. By the time the girl arrives, the wolf has disguised himself as the old woman. Oswald eventually comes to the rescue. But the wolf finds a magic wand inside the basket of goodies and uses it to put Oswald on top of a construction site.
Three hitchhiking, hobo chimpanzees, followers of the open road and work-dodgers are put to work on Oswald Rabbit's farm in payment for pies stolen from the hard-working rabbit. The simians find it hard to milk a cow, paint a house and haul water from the well.
Oswald the Rabbit gathers some of the greatest entertainers of the age to cure Old King Cole of the blues.
The animals on Oswald the Rabbit's farm couldn't be happier with their work. The hens, in particular, enjoy their jobs as egg producers. True, a hen gets a bit anxious when her egg is too small or when she can't lay anything. But on the whole, times are good. That changes when a specter by the name of Depression rises from the dump and travels the globe spreading fear and panic. The Great Depression has begun and has poisoned the entire country, including Oswald's farm. Now, the roosters are listless and the chickens flop around in a daze. Oswald runs to the doctor for help. But Dr. Pill points to a poster of the President, Franklin Delano Roosevelt. "There's your doctor!" he declares. Soon, Oswald is in the White House, knocking down the Vice President in his haste to see FDR. Roosevelt sings "Confidence" and gives the rabbit a generous supply.
Oswald and his friend and nemesis Peg-Leg Pete are hobos riding on a train and playing checkers when hilarity ensues
Late in the evening, just as a skeleton puts out its cat for the night, the masked Phantom stalks the graveyard, pausing only to insult an overly inquisitive owl. The Phantom enters the local opera house and falls in love with Kitty, a feline singer who is terribly jealous of the star of the show, a husky-voiced hippo. The Phantom falls in love with Kitty at first sight. For her sake, he sabotages the hippo (by popping and deflating her). Then he puts a phonograph player down Kitty's skirt. She walks out and pretends the recording is her own voice. Even though the record skips and, moments later, slows down to a stop (forcing the Phantom to crank the machine for her), Kitty is a hit. But does she appreciate the Phantom? No. Backstage, she jumps into the arms of Oswald the Rabbit. Enraged, the Phantom grabs Kitty and takes her down with him to the catacombs underneath the stage. Oswald goes on a rescue mission.
Henery Hawk, making his first appearance in a Warner Bros. cartoon, refuses the worm his mother is trying to feed him; after all, he's a chicken hawk. That night, he sneaks out to the hen house, but comes up against a protective rooster.
With Tschaikowsky's music on the sound track, this parody of long-hair, temperamental orchestra conductors and concert pianists is a long string of sight gags. The pianist has a new hair-do in every scene he is in, all designed to help him see the piano. One fat musician nonchalantly wanders in in the midst of the concert, takes off his hat, coat, muffler and gloves, unpacks his instrument, a triangle, hits one note, repacks, puts on his gloves, muffler, coat and hat, and goes home.
Sailor Popeye, faced with many menial tasks, fastens a couple of mops to the prop of his plane, substitutes water for bullets in his machine gun and goes about cleaning the deck of the ship.
Sam Sheepdog and Ralph Wolf are both just trying to do what they have to do.
Olive is going shopping and drops Swee'pea off for Popeye to watch. Popeye carves a sailboat for him, but the tyke spots Popeye's battleship, and the puny toy boat will no longer do. He climbs aboard, and there's the expected mayhem. Notable sequences include a stint on the ship's cannon's control board, with Popeye caught on the barrel, then in the gears; also, at the end, Swee'Pea hitches a ride atop a torpedo just as Olive is returning and Popeye's out cold.
Bluto's in the Army; he tries to sneak off base, but can't. Popeye passes by, Bluto invites him in, then swaps uniforms. Popeye ends up in a tank drill.
Hearing that silver foxes are all the rage in high society, a fox paints himself silver and gets himself trapped, finding out too late that it's only his fur anyone is interested in.
When enemy planes attack the battleship he's serving on, Popeye fights back.
Popeye's 4 newphews try to sneak out instead of eating their spinach, so Popeye demonstrates some of the benefits: playing piano, dancing, shadow boxing but each is met with "but we don't like spinach." Finally, Popeye spanks them, and they start eating their spinach. After which, they play the piano until it breaks then use boards from the wreckage to spank Popeye.
Popeye's on a battleship, on which he's banished to the boiler room. A Japanese sub comes along. Can Popeye save his ship from the enemy?
It's the dead of winter, a hungry wolf is out of food, and he's desperate.
Popeye and Bluto agree that women are too much trouble, so they agree to swear off them, which lasts about five seconds, until Olive comes on board ship for a tour. The boys vie for her attention.
Bugs Bunny is wanted "dead or alive" by the Mounted Police, led by Elmer Fudd. The "Fresh Hare" episode was banned from television for almost 30 years because it was considered too racey for the time.