The Stooges are trying to obtain their inheritance from their late uncle. Unfortunately, it has been swiped by con man Icabod Slipp (Kenneth MacDonald). The trio track Slipp down at the Circle Follies Theatre, and duke it out.
The first half of Loose Loot consists of footage recycled from Hold That Lion!.
Icabod Slipp's name appears on the door as "I. Slipp." This is a semantic parody on the Long Island town of Islip, New York.Shifres, Ed. The Three Stooges Journal #98 (2001) p. 10