Two friends, Billy Foster and Clyde Williams, need to raise funds for their fraternal lodge by rigging a boxing match. They use Clyde's hypnosis ability to transform an underdog boxer into a strong fighter who cannot be beaten. The lodge receives money from the fight, but the scheme is threatened when rival gangsters discover the truth. Billy and Clyde must perform the same hypnosis again on Bootney, this time de-hypnotizing him before his rematch with the champion, leading to a series of events that culminate in a wild chase through apartment buildings and the local police department.
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