It is a premiere night at the Fox Carthay Circle theater, and the Our Gang show up to observe the festivities. But after the Gang causes a disruption, the police send them scurrying home. Not to worry--the Our Gang stage their own premiere night in the clubhouse barn.

The gang offers to help their pal Waldo attract customers to his lemonade stand. Redecorating their clubhouse as a lavish nightclub, the kids stage an elaborate floor show, with Darla Hood as the star vocalist.