Slip Mahoney is working as a copy boy for a large N.Y. newspaper, and has aspirations of being a reporter; Sach is a photographer. Slip wants to expose big-time gamblers, like Dapper Dan Greco, who are fixing sporting events. Slip is assisting a reporter, Mark Morgan, whose girlfriend is Jane Ann Connelly (Christine McIntyre, who was in 32 "Three Stooges" shorts). One of Greco's henchmen, Gabe, is arrested and immediately sprung. Gabe heads to Louie's sweetshop, to talk to the Bowery Boys, and show off his girlfriend Mame. In the sweetshop, Mame (the fabulous Nita Bieber), strikes a cute pose and says, "I've gotta watch my figure." Gabe (noticing Slip, Whitey, Chuck and Bobby staring) retorts, "Well, there's no sense ALL of us watching it!" However, Gabe's tip sets the Bowery Boys into action. Slip and Sach go undercover, approaching crime kingpin Greco, in their aliases "Pete the Blaster" and "Ermine the Crow." Saying they are working for Dutch Miller, they get the inside scoop on the sports fixing racket. But the Bowery Boys get their tell-all story printed in headlines too soon, without photo evidence of their accusations. The newspaper gets sued for $4 million libel. "Gee, ain't that swell," says nitwit Sach, "we're libel to get $4 million!" How will they get out of this mess? Watch the movie and enjoy it. Overall, it's a bit too serious and has too much plot for your typical Bowery Boys movie. But for fans of the series, watching any of their movies is the "pinochle" of enjoyment.