Betty Boop appears on stage as the heroine of a melodrama, complete with stage scenery and mustache twirling villain, Heeza Rat. Betty hasn't the money to pay the mortgage on her farm and the black-hearted scoundrel insists that the curly-haired lass must accept his proposal of marriage or she and her animals will be cast out. Betty's only hope is Fearless Fred, a handsome lumberjack, who must come to the rescue when her dastardly nemesis ties her up in a tank rapidly filling with water.