While on vacation from college, William Bankinton is shipwrecked. His mind a blank, he is picked up by a derelict ship upon which there are only a lion and a stowaway named Broot. After Broot commits suicide, Bankinton and the lion are cast adrift upon the shores of Africa where they exist in a primitive state for several months.

The fairies of Oz gather in the forest of Burzee one evening and weave a magic cloak that gives the wearer one wish, so long as it has not been stolen.

A scarecrow is brought to life and goes on a journey to save the land of Oz from an evil witch, encountering various fantastical creatures along the way.

When Cindy Lane becomes pregnant, Mark Brierson, the father, refuses to marry her. Instead, Brierson romances Azalia Deering, whose father, General Deering, owns the town bank. Brierson misuses bank funds, but the bank is saved by Jack Rose, a wealthy farmer. Cindy's father Zeb vows to kill her lover, but she refuses to reveal the man's identity.

I.M. Mann, millionaire president of a large corporation, is known as "the man with the iron heart." James Boyd, cashier for Mann's corporation, is delayed one morning because of a dying mother, and is discharged. Then Boyd goes to Union headquarters with his story. The thousands of workmen employed by Mann finally reach the limit of endurance, and at a union meeting, resolve to demand increased wages, a cessation of child labor and other benefits, or strike. He refuses to hear a committee of workmen and says, "I'll close up the factories and let you starve."

As an entomologist and all-around wimp, Orlando Winthrop gets little respect from his wealthy parents. But when business needs to be taken care at the Winthrop sheep ranches out West, Orlando is raring to go. Upon his arrival, the ranchers see Orlando as an easy mark, but it turns out they're wrong. They try to take Orlando's money in a poker game -- and wind up broke themselves.