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Blackout gags and music, including the title song originated in the movie musical Gold Diggers of 1933. Hollywood figures caricatured include Tallulah Bankhead, Joan Blondell, James Cagney, Bing Crosby, Guy Kibbee, Zasu Pitts, Mae West, Bert Wheeler and Bob Woolsey, Ed Wynn, George Bernard Shaw, Mussolini, Ben Bernie, The Boswell Sisters and Greta Garbo, who does the "Dat's all, folks!".

After the last human has left the department store, the toys proceed to the music department where they start performing the Warren/Dubin song "We're in the money". The money soon joins for a chorus, as well as display dolls in the wardrobe department.

A beloved Italian organ grinder plays his music and sings his song through an immigrant-filled ghetto neighborhood, where hard-scrabble kids and well-proportioned matrons get hep to the beat that flows from the organ grinder's calliope. There are lots of spoofs of life on the Lower East Side and lots of monkeyshines as the organ grinder's pet performs "42nd Street" and imitates some Hollywood greats. The monkey takes wing and gets behind the wheel of a car, driving all over the area and wrecking everything.

The old toymaker goes to sleep, and his toys immediately come to life and sing "Red-Headed Baby." A red-haired baby doll begins the song. She's soon joined by her sweetheart, a toy soldier named Napoleon. A spider briefly spoils the fun when he descends upon the toys and grabs the doll. It's up to Napoleon to save her.

While at the park, a group of birds engage in a swimming contest. Another cartoon by Warner Brothers promoting a song from its movie "Gold Diggers of 1933".