Bob “Pepsodent” Hope tries on a few different middle names before turning to joke about the end of another year. He jokes about the hotels he has been staying in, the cold weather, Hollywood celebrities, and hotel amenities. The cold weather jokes keep rolling along, , then on to skiing, and winter sports. Bob jokes about ski fashions, and the ability of his cast to hit the slopes, and even ice skate.
Francis Langford sings, Who Can I Turn To. She complains about Bob’s hospitality at his parties. Francis and Bob tell about making the rounds at all the hotspots in town. Skinny Ennis enters with greetings for the new year. Bob has his own complaints about the boys in Skinny’s band. Topics include resolutions to build up and become stronger, going to the bowl games, and visits from relatives. Betty Hutton shares how cheap Bob is, and going to Hollywood parties.
Jack Haley arrives to get in on the teasing, and meets Betty. They admire each other’s work, and she tells about Bob making her pitch his films. Jack and Bob compare notes about their old radio days of just a few years ago. Jack has been in Broadway lately, and tells about the subways in New York. The two compare notes on their latest movies, and leading ladies. Betty Hutton sings, Arthur Murray Taught Me Dancing In a Hurry, from her new film, the Fleet’s In.
Referring to Bob’s book, They Got Me Covered, his parents comment on the infant Bob. He later goes on to study engineering, he takes his first shave, intervenes with bullies, and as the tough kid on the block he pushes around little Jack Haley. The two lads team up to take the stage. They rehearse for their act, and joke about the lives as actors. The underpaid actors have trouble paying rent in their boarding house. Jerry Colonna is their manager, and phones them with a possible job. Will it impress the land lady enough to ease off about the rent? Flubbed lines abound as they recount playing theaters together. Will Jerry have a sure fire act for the guys?
Escaping from the boardinghouse, the guys make it to the theater. Will Bob have to stick his head into a lions mouth? Jack and Bob putt on a cowboy act, sing, and flub lines. The two milk cows, continuing to sing and flub lines as they do chores. Random topics include horses, suits, Gene Autry, fancy shooting, and still sing and flub lines to tell of the cowboy life.