The rain is outdoors; the action is indoors, in a grocery store, where the characters on product labels come to life.
Porky is reading the Greek myth of the gorgon, who turned everyone she looked at into stone. Mother tells him it's bedtime; he dreams of being Porkykarkus, the hero that saves Greece.
A program for radio KUKU set in the woods, mostly starring birds as caricatures of celebrities of the day. The MC is bandleader Ben Birdie, heckled by Walter Finchell. Wendell Howell prepares to lead a singalong; he gives several different page numbers in the songbook, then says, "Never mind, we won't use the books." The audience, responding "Oh yes we will" pelts him. Billy Goat and Ernie Bear introduce and sing the title song. Everyone sings along, except a fox, who informed he's singing the wrong song, responds, "Why don't somebody tell me these things?" We pan across a series of celebrity guests, like W.C. Field-mouse, Dick Fowl, Deanna Terrapin, Bing Crowsby, and the high-note competing duo of Grace Moose and Lily Swans. Tizzie Fish has a cooking segment. Finally, Louella Possums introduces a company performing a scene from The Prodigal's Return.
Porky Pig has some problems when his mobster lookalike decides to frame him for a bank job.
Red walks past a pool hall; the wolf sees her and pursues. But Red is oblivious to his come-ons.
Porky Pig and his family inherit Uncle Solomon's estate, but if they die everything goes to the lawyer, who turns himself into a Mr. Hyde-style monster in an effort to kill off the pigs.
A mouse is trying to free himself from a trap when a cat arrives. The mouse, desperate, asks if the cat has heard the story of the lion and the mouse.
Porky reads a book of new dog tricks; unfortunately, his dog, Rover, is old. A puppy comes by and taunts him.
Momma parrot is teaching her young-uns to say "Polly want a cracker" but little Peter doesn't want a cracker, he wants to be a sailor like dad. Mom tells him what a no-account his dad really was, setting sail for Hawaii ("no, Maw, it was Catalina") right after the kids were born. Peter is unswayed, and takes off. He turns a barrel into a boat, and crews it with an annoyingly talkative duckling, then sets sail on a lake. They get caught in a thunderstorm (the duck loves it). Peter calls for help and momma comes running, but the duck has already saved him. But he still wants to be a sailor.
It's midnight at the bookstore and all the book and magazine characters are coming to life. When a bulldog from an adventure book uses a Boswell Sisters-like performance by girls in a travel magazine as a distraction to rob a bank, he is chased, caught, and sentenced to, of course "Life" (the magazine). But there's also a conveniently placed "Escape" magazine....
