When a stolen white stallion escapes his captors, young Stephanie Ward gives him a new home and a new name: Lightning. As she grooms the horse for show-jumping competition, the pair forms an unbreakable bond. But when Stephanie finds herself in need of an expensive operation, and Lightning's original owner tracks him down, Stephanie sets all her hopes on first prize at the Nationals - and on the horse who's become her best friend!
Petey Wheatstraw (Rudy Ray Moore) is a candidate to become the devil's son-in-law. The storyline is a scaffolding on which Rudy Ray Moore's standup humor can be unfolded. Beginning life as the afterbirth to a watermelon, the young Wheatstraw becomes a martial artist, but is unable to best the evil comedy team of Leroy and Skillet, who also indulge in wholesale murder. Satan restores the comedians' victims to life, and charges Petey with the task of marrying his clock-stoppingly ugly daughter to give him a grandchild. When Petey attempts to default on the deal, he is pursued by the devil's henchmen.