William Gordon, Jr. is the rebellious heir to a million dollar airplane business. He leaves home in search of adventure, and falls in love with Helen, the daughter of an eccentric, destitute inventor. William enters an air race using a souped-up plane.
Bud Taylor loves Mary Stoddard but is leaving for Alaska in search of gold, leaving a police-dog pup with her that he has named "Phantom." Wade Burton is anxious to win Mary and her father's money. Later, Wade follows Bud to Alaska and attempts to claim-jump Bud's gold strike, but is foiled by Bud and "Phantom."
A young American arrives in Valdonia to collect a debt which the kingdom owes to his millionaire father. He impersonates a Valdonian prince for a day and wins the love of Princess Iris, the queen of the kingdom.
