Young Dorothy finds herself in a magical world where she makes friends with a lion, a scarecrow and a tin man as they make their way along the yellow brick road to talk with the Wizard and ask for the things they miss most in their lives. The Wicked Witch of the West is the only thing that could stop them.
It's 1938, but Stan doesn't know the war is over; he's still patrolling the trenches in France, and shoots down a French aviator. Oliver sees his old chum's picture in the paper and goes to visit Stan who has now been returned to the States and invites him back to his home.
Stan and Ollie are on their way to Atlantic City with their wives, when Ollie gets a phone call from a lodge buddy telling him that a stag party is taking place that night in their honor. Ollie pretends to be sick and sends the wives on ahead, promising that he and Stan will meet them in the morning. The pair dress in their lodge gear, but their wives return having missed their train. With no obvious escape route, Stan and Ollie take to a bed in fear and in response to Stan's plea of "What'll I do?", Ollie replies "Be big!".
Anna runs away from her wealthy father's ranch and becomes a trick rider in a circus to be with her sweetheart, Cal Coney, a circus cowboy, when her father disapproves the match. There she achieves fame as "Anna Montana," but she remains unhappy because Cal refuses to admit that he loves her. Meanwhile, Rawl Souvane, manager of the circus, plans to woo and marry Anna when he preceives that she is wealthy.
Joe Cobb is a wealthy child who longs for a baby brother. His nursemaid takes him to the other side where he meets some kids his age (the rest of Our Gang) where Joe offers three dollars for a baby. Farina finds a fellow African-American neighbor woman who lets him mind her infant which he then paints white and sells to Joe. The rest of the gang has set an assembly-line system that washes, dries, rocks, and feeds male and female babies.
Mr. and Mrs. Weedle are desperate to find two babies, for their rich uncle has sent them money for years thinking they have children. Now that he’s coming into town, the couple must find a pair of babies as soon as possible. The Our Gang kids are ready for the job, but a 27-year old midget is also in the running for the job and he doesn’t play fairly.
Three sideshow performers form a conspiracy known as "The Unholy Three" - a ventriloquist, midget, and strongman working together to commit a series of robberies.