Max, the animator, is at the drawing board. He sends a note up to the projectionist. it states that he didn't finish the animation, so he should use the drawing. The projectionist takes out the drawing of Koko the Clown, which comes to life. Koko draws a circus ring and a horse. The horse performs various tricks. Koko's horn is transformed into a gun which he shoots at the horse. The horse dies. Its spirit goes up to Horse Heaven where he waits to be let in by the gatekeeper. While he waits, he takes off his horseshoes which fall to earth, hitting Koko. Koko throws a horseshoe up, and it hits the gatekeeper. The horse laughs, and the gatekeeper kicks the horse back to earth. The spirit of the horse reenters the horse's body, and the horse is once again alive. The horse kicks Koko into the inkwell. He throws a blot of ink obliterating the horse. He then lets himself into the inkwell.