Elmer Stone, quarterback of the 1899 Colton College football team vows to remain a student until Colton beats its biggest rival, State University. Twenty-seven years later, Elmer is still in school and is a classmate of his son, Jack. Other than driving a milk wagon in his spare time, Jack is also the quarterback of the football team. A matter of his eligibility comes up but he is cleared and goes out to do-or-die for Colton against State University. Maybe they will win The Big Game, and Jack's father can get a life...and a job.

Tom Kelly, a small-town baseball pitcher, is sent to a minor-league team in Florida, and fails to make the team. He starts dabbling in real estate, in the midst of the Florida land boom (in which a lot of the land sold was under water), makes a fortune and buys into the team that cut him from its roster.