Full of patriotic spirit, Fibber has gone downtown to buy a bond. Instead, he rushes in to show Molly the diamond ring he bought. Molly suspects there could be something dubious about the ring. Is it hot… or bogus? Alice Darling is impressed, but her practiced eye calls it as a fake. She has some sad news she can’t pay her rent on time this week. At least she invested in war bonds. Billy Mills plays, I’m Just Wild About Harry.
Mr Wellington from the movie theater pops in to hear the McGee’s complain about the outdated newsreels. Some how Fibber shifts the topic to his old vaudeville friend from Starved Rock, Illinois… Fred Nitney, when Harlowe Wilcox checks out the fake ring.
Teeny enters to tell how the paper boy is now a paper girl. Evading Fibber’s question about whether the paper has arrived, she tells him about trouble with a bicycle pump. The Kingsmen sing, Surrey with the Fringe on Top.
The cook from the Toope’s house, Beulah, pops in to tell how her new job is going. Fibber still waits for the newspaper, eagger to see if anybody has listed a reward for a lost diamond, when Doc Gamble bvisits. Doc gives a mini lecture on not squandering money, and investing in bonds instead of diamonds. Will Fibber get the last word on convincing folks to buy bonds? Only after doc gets the upperhand concerning that diamond.