Western film star Tim Bart meets a young boy named Billy while making a personal appearance at a hospital for disabled children, and promises to invite him to his Hollywood ranch and introduce him to other celebrities after he gets well. Time passes, and the advent of sound motion pictures proves disasterous for Tim's career. Meanwhile, Gloria Gay, Tim's leading lady, becomes a great success and begins to feel bad for Tim. Destitute, Tim is forced to sell his trained pony, Toby, to a Japanese gardener and move away from Hollywood. Just as he is about to leave, however, Billy runs away from the hospital and asks Tim to make good on his promise. Seeing no harm in making the young boy's dreams come true, Tim, with the help of his former employees, spends one day recreating his life on the Hollywood ranch. He also throws a party for Billy, inviting Gloria and a number of actors who are doubles for famous movie stars. Billy is injured when he falls off Tim's horse, and desperately needs medical attention. Unable to afford a doctor, Tim asks Gloria for help but finds that she, too, has no money. Tim decides to hold up a bank, but just as he is about to do so, real gangsters appear and shoot a police officer. As the three robbers attempt to flee, Tim shoots them and is hailed a hero for his bravery. After being given parts by their former producer, Tim and Gloria are reunited and Tim adopts Billy.