Two identical twin sisters, separated at birth by their parents' divorce, are reunited years later at a summer camp, where they scheme to bring their parents back together. The girls, one of whom has been living with their mother and the other with their father, switch places after camp and go to work on their plan, the first objective being to scare off a gold-digger pursuing their father.
Bumbling professor Ned Brainard accidentally invents flying rubber, or "Flubber", an incredible material that gains energy every time it strikes a hard surface. It allows for the invention of shoes that can allow jumps of amazing heights and enables a modified Model-T to fly. Unfortunately, no one is interested in the material except for Alonzo Hawk, a corrupt businessman who wants to steal the material for himself.
A wily old codger matches wits with the King of the Leprechauns and helps play matchmaker for his daughter and the strapping lad who has replaced him as caretaker.
