Con man Buzz Buzzard sets up an insurance office and spots a potential sucker in Woody Woodpecker. He greases the sidewalk causing Woody to slide into his office where he convinces him to sign an insurance policy... the catch being that, if he dies, Buzz receives the hefty insurance payment. Of course, at this point, Buzz makes all kinds of attempts to end Woody's life chasing him with shotguns and axes and pursuing him behind the office's wallpaper (believe it or not!). Finally, he catches the redhead and is about to feed him to a pack of crocodiles...but Woody turns the tables, leaving Buzz escaping the gators' jaws.