Rich boy Waldo gets his clothes dirty playing football with the gang just before he has to go to his mother's society party. The gang tries to help him clean up.
Mickey and Froggy are candidates running to be president of the Gang's club. When the vote continues to end in a tie, the club winds up split. Buckwheat then reminds everyone of the lessons learned from Abraham Lincoln when America was once divided.
In an effort to impress Darla, Alfalfa tells her that he's a famous bear trainer. Little does he know that Darla's father owns a circus - and a bear costume. It's time for everyone to uncover the "bear facts".
Spanky and Alfalfa plot to play hooky so they can go fishing, by pretending that Alfalfa is sick and Spanky should stay with him while the parents are away. But Spanky's mom, knowing the truth, turns the tables by insisting they also watch Spanky's little brother. But taking care of little brother...
Weighing themselves on a penny machine, the Our Gang kids receive a fortune card predicting that they will receive "unexpected riches." Acting upon this, the kids decide to dig for buried treasure, using a fraudulent map provided by one of their wise-guy acquaintances.
Froggy hatches a plan to get Mickey, Buckwheat, and himself sent home from school early so they can go fishing. When the plan backfires, the boys decide to play hooky the next day. At the fishing hole, there are plenty of lunkers just waiting for the bait, but the boys have some comic trouble....
The gang puts a phony absent note on their teacher's desk so they can go to the circus, then have to get it back when they find out that the class was going on a field trip to the circus anyway.
Spanky and Alfalfa fake a toothache to get out of school. Preserved by the Academy Film Archive in partnership with UCLA Film & Television Archive in 2013.
The Gang's male members, headed by Spanky, decided to create the "He-Man Woman Haters Club" in reaction to not being invited to one of the girl's parties.