Two college boys, finding their funds low, meet a young girl and manage to "borrow" fifty dollars from her purse, without her knowing it. The theft is reported and the next day the boys write their fathers, asking them for money. The boys borrow fifty dollars from a pawnbroker and manage to slip it back into the girl's purse. The fathers of the boys arrive and are arrested as the thieves. The girl, however, gets the real thieves and they all meet at the police station. Here the girl finds her money is all intact and the matter is thought to be cleared up when the pawnbroker comes on the scene and demands his fifty. A chase follows and the boys are finally caught.