When Pete's Uncle Cyrus pays the circus a visit, Pete admits to his friends that he told the old man that he owns the circus. Tim agrees to play along, and Pete soon gets in his over his head.

A judge running for Congress is too busy to spend time with his young son, who runs off to join the circus.

The circus is suffering for business and needs a new act, and stumbles across Buffalo Bill. Bill has retired and blames himself and his show business career because he wasn't there when his son Kit died.