Frankie Reynolds (Frankie Darro' ), youngest member of a family of jockeys, borrows $4.85 (yes, four dollars and eighty-five cents) from his sister Phyllis (Gladys Blake), who is not a jockey, to buy a crippled colt from the stables owned by Clay Harrison (Kane Richmond). He nurses the colt back to health, and in two years has one of the fastest horses in the country.
Time for the big horse race. We drop in on the fillies, who gossip in New York accents. That's followed by a pre-race fashion parade. In both of these, Maggie doesn't join in; she runs every year, but suffers from hay fever. The actual race is run, and Maggie is far back in the field. The other horses hear it's going to be a photo finish, though, and they all come to an abrupt stop and pose except Maggie, who keeps running and wins the race.
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