Dud wants to buy his girlfriend Maime an ice cream cone so he breaks open his mother's bank, and splits their last dime in half in the process. His mother punishes him so he runs away. Dud is scared by imaginary ghosts in the dark, so he runs back home where he gets a spanking from his mother.
Dreamy Dud steals a man's pipe because he is fascinated with smoking and blowing smoke rings. He smokes the pipe and the smoke turns into a ghost and carries him up to the moon and leaves him. Dud falls off the moon and down to earth. He wakes up on the floor of his room and resolves never to smoke.
The Captain gets a life insurance policy and gives it to his wife. In gratitude she makes him a pie. The Katzenjammer Kids play a trick on the Captain and sneak toads into his pie so that he would think his wife is trying to poison him.