Malcolm, a frog that Chip has captured for a school project is the focus of all eyes in the Douglas home. Bub discerns a marked resemblance to his his Uncle Clancey in Malcolm's face. Further evaluation of its character becomes quite difficult when he leaps out of sight.

Bub has no plans to join the horse race set, but a mysterious someone sends him a saddle. Chip takes his girlfriend for a pony ride along with the old saddle that the Douglases just can't seem to be rid of.