Businessman Paul Bultitude is sending his son Dick to a boarding school. While holding a magic stone from India, he wishes that he could be young again. His wish is immediately fulfilled and the two change bodies with each other. Mr Bultitude becomes a school boy who smokes cigars and has a very conservative view on child upbringing, while his son Dick becomes a gentleman who spends his time drinking lemonade and arranging children's parties.

Comedy about the proverbial genie who comes out of a bottle (a table lamp in this instance) to serve his new master. The only problem is that instead of helping his master, the genie (Burl Ives) tends to get his master (Tony Randall) into more predicaments than he gets him out of.