Hokey cons a gullible game warden into giving him the bounty money on wolves for tuning himself in, then bails himself out with a portion of the bounty in order to work the same scam over and over.
In an effort to steal some sheep, Hokey cons a gullible sheep dog into training his sidekick Ding-a-Ling to be a junior sheep dog. Unfortunately for Hokey, Ding takes his training too seriously.
With his eye on their food, Hokey volunteers to watch over the house of the Three Bears while they go for their walk in the woods. Enter a robber disguised as Goldilocks.
Ding-a-Ling comes home with some magic beans and gives them to Hokey, who scoffs and throws them out the window. A beanstalk quickly grows taking the wolves into the clouds where they encounter a giant and his watchdog.