Olsen and Johnson, a pair of stage comedians, try to turn their play into a movie and bring together a young couple in love, while breaking the fourth wall every step of the way.
Mr. Schmidt's costume store is bankrupt because he spends his time on Rube Goldberg-style inventions; the creditors send a young manager who falls for Schmidt's niece Louise, but she'll have none of him. Schmidt's friends Ted, Queenie, and some goofy firemen try to help out; things come to a slapstick head when Louise needs rescuing from a fire.
Ole Olsen and Chic Johnson are Broadway stars who return to Universal Studios to make another movie. The mere mention of Olsen and Johnson's names evacuates the studio and terrorizes the management and personnel. Undaunted, the comedians hire an assistant director and unknown talent, and set out to make their own movie.
