Produced by Albert Lewis and staged by Hassard Short, the Broadway production opened on December 25, 1941 at the Hollywood Theatre, where it ran for 126 performances.

The cast included Eddie Cantor, Lionel Stander, William Johnson, and, in a small role, future novelist Jacqueline Susann (Valley of the Dolls).

[1] Although Cantor was known as "Banjo Eyes," the title referred not to his character but to a talking race horse, played in costume by the vaudeville team of Morton and Mayo.

[2] In dream sequences, Banjo Eyes would give Cantor's character tips on which horses were going to win different races, but warned him his supposed talent for picking the winners would vanish if he ever placed a bet himself.

The book was a very loose adaptation of its source, and the World War II anthem "We Did It Before (And We Can Do It Again)" by Charles Tobias and Cliff Friend was interpolated into the score for no apparent reason other than to stir up patriotism among audience members.