Eddie volunteers Herman to preform in his schools talent show and Grandpa uses magic on a pair of slippers so Herman can be good at the Old Soft Shoe. When things don't go quite right with the enchanted slippers, Herman has to change his act to a Magician's act.

Eddie boasts to his school buddy that his dad is a better racer. Herman then takes the bet and looses the family car. In order to redeem himself, Grandpa helps him come up with a dragster.