The Rascals or Our Gang series were short comedy films showing the antics of a group of kids including Joe Cobb, Jackie Cordon and Mickey Daniels. In this film they are trying to sell lemonade and hot dogs at the horse race track.
Fairly amusing mayhem ensues of course. The gang manage to get to see a race and get so excited they decide to hold their own race. Though being kids their steeds are not thoroughbred race horses but a motley assortment of cows, goats and mules. Who end up getting drunk...
The film stays fairly low brow but is funny enough not to outstay it's short feature welcome which is just as well because there isn't a great deal of story here. It is nice and charming however.