Peep O'Day, orphaned in a small Kentucky town, falls heir to a small fortune and begins to make up for all the lost pleasure of childhood, but Sublette, a crooked attorney, arranges for an eastern belle to show up as Peep's "niece" to steal his fortune. Peep's efforts to aid schoolteacher Lucy Allen are misconstrued, and Sublette tries to have him declared mentally incompetent, but Judge Priest is not convinced and rules in Peep's favor. Lucy wins the man she loves, and Peep plays Santa Claus to the children of the orphanage.