Colonel Heeza Liar is undoubtedly the greatest rival of his contemporary, Baron Munchausen, enters into a new field of investigation, that of psychic research. He is the guest of honor of the Royal Society of Ghost-Chasers, who regale him with tales of hair-raising and harrowing experiences. They look for evidences of fear in his countenance, but only scorn radiates therefrom. Who ever heard of the doughty Colonel fearing a mortal, much less an immortal? To prove his utter disrespect of apparitions, he agrees to sleep at the ancient Castle Clare, owned by his friend, Lord Helpus. He enters his assigned chamber and prepares for a snooze. The magic hour of midnight at last rolls 'round, and in a moment the air is filled with weird and ghostly sounds. The banshees are at work. The Colonel from his bed gives vent to these thoughts, "If I could see who makes that din, I'd bust his bloomin' coco in." The next moment he does see, and his blood suddenly turns to water and freezes at the dread apparition. Seeking to evade the midnight prowler, the now quaking Colonel rises from his bed and flees for his life, but nothing seems proof against the advances of his awful fee. Should the Colonel lock the door, the ghost crawls through the key-hole; should he crawl beneath the bed-clothes, there also follows the shadow demon. Just as the Colonel is about to expire from fright, his life is saved by the ghost's mortal enemy, "One o'clock." With a final wail, the banshee hies itself to a neighboring graveyard. The Colonel breathes again.