In the 1930s the family of old Sinas Cavinder, gathered for the reading of his will, find themselves being murdered by a mysterious phantom while two rival reporters compete for the story.

Picking a random name out of the phone book, thugs decide to terrorize and kidnap Cee Bee Beaumont, girlfriend of rock sensation Lonnie Lord. Rat Pfink and his sidekick Boo Boo spring into action!