A tycoon (voiced by Don Messick) decides to give away $1,000,000 to the most unfortunate person he finds, which ends up being Top Cat. He gives the check to Benny, who tries to show it to Top Cat (who ignores him), so he tries to cash it himself. A merchant overhears him and tells all his associates. Everybody gives things to Top Cat thinking he is a millionaire, and that he'll pay them back.

Benny gets a new pet; a hungry, brown giant anteater which followed him into the alley. Top Cat attempts to get rid of the animal until it is revealed that the anteater has escaped from the zoo and a large reward is on offer for its return.