Wimpy inherits a million dollars and lives it up in a grand style with an English butler. He decides to double his fortune by waging his fortune in a boxing match, betting on Kid Nitro to beat Popeye in a prize fight. To insure his investment, he manages to referee the bout. In the ring, Wimpy and his butler pull dirty tricks on Popeye to make sure that he doesn't win. When Popeye's finally knocked out, Wimpy doesn't have the heart to count his friend out in spite of his bet. Before the count of ten, he feeds Popeye his spinach, and Popeye quickly disposes of Kid Nitro and Wimpy's newly-found fortune.
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