Little did these animators know how famous "Seabiscuit" would become almost 70 years later, thanks to a best-selling book and feature movie about the great horse of the '30s.
Anyway, we see a fairly young Porky Pig in this cartoon, a kid who works for his dad Phineas (who stutters the same as Porky). The "kid" loves horse racing and races his little toy horse - yet he's old enough to drive a car! Oh, well.
He goes into town to deliver feed to the stables at the track and collect $11 for it. Then, he accidentally winds up purchasing an old, broken-down horse, "Teabuscuit" for the 11 bucks. Oh, man, his pop is going to kill him when he finds out.
However, you just know something will work out, that the old beat-up but face-liking likable horse will do something good to bail out Porky.
This winds up being a "cute" cartoon, more than it is funny. The actual race was wild and insane, but not really anything that would provoke a big laugh. It's a passable animated short, decent but nothing great.