Ollie Dee and Stanley Dum try to borrow money from their employer, the toymaker, to pay off the mortgage on Mother Peep's shoe and keep it and Little Bo Peep from the clutches of the evil Barnaby. When that fails, they trick Barnaby into marrying Stanley Dum instead of Bo Peep. Enraged, Barnaby unleashes the bogeymen from their caverns to destroy Toyland.—Paul Penna
Opposing the evil Barnaby, Ollie Dee and Stanley Dum try and fail to pay-off Mother Peep's mortgage and mislead his attempts to marry Little Bo. Enraged, Barnaby's Bogeymen are set on Toyland.