[2] Spanky's father reads a newspaper article about treasures found at a nearby cave during breakfast with the family.

Spanky's mother catches him and forbids him to hunt for the treasure, going as far as to send him to his room when he refuses to listen.

Confined to his room, Spanky falls asleep and in his dream argues with his "inner self", who advises him to disobey his mother and join the rest of the gang in their search for buried treasure.

Though the kids miraculously unearth a fortune in gold and jewels, their triumph nearly turns to disaster when they encounter a surly giant (Tex Madsen).

The film was enhanced by Leroy Shield's unique background music composition "Cascadia", originally written for the "Boy Friends" comedy Air Tight (1931).