After an eccentric millionaire leaves $12 million to his grandnephew, flea circus manager Fred Floogle (Fred Allen), minutes before being murdered, Fred moves his family into an expensive hotel. During the reading of the will, they learn the estate has been squandered, leaving them with only five chairs. The disappointed family sells off the furniture, unaware the late man stored $350,000 in cash in one of the chairs. Learning of the hidden fortune, Fred sets out to track down the money.