- Andy Fletcher is a blacksmith in a country village, but he dreams of racing automobiles. He gets his chance to enter a big race, but winning is complicated by a band of bank robbers.
- Andy Fletcher is the blacksmith for the village of Pipersville. He has invented something called "The Little Giant Potato Slicer." During a public demonstration, the invention blows up. He forgets the mishap when he is asked to fix the stove-pipe of Alice Flint, with whom he is in love. Alice tells Andy she wishes she knew someone who had an automobile. Andy goes to her father's bank and decides to draw out money for a car. But the banker refuses to let Andy have the money for such foolishness. Andy returns to his work just as a farmer drives up with a badly damaged auto needing repairs. Andy trades his invention for the car. He then restores the auto, calling it "Greased Lightning."
Alden J. Armitage, a con man from the big city, arrives in town and gets into the good graces of Alice's father, also showing an interest in Alice. Andy finishes his machine and heads to a picnic with the banker and Alice. Along the way, the car conks out. Armitage comes by with his car and takes Alice and her father to the picnic, leaving Andy behind. Armitage proposes a five-mile road race to the townspeople, with the winner to receive $200. On the day of the race, Andy unveils his new version of "Greased Lightning," which now has a racing engine. But when the race starts, the car doesn't budge. Andy begins tinkering with the engine. Meanwhile, with everyone in town at the race, Armitage and his gang arrange to meet Flint at the bank, where they beat him up and rob the vault. Flint comes to just as the gang are making their getaway. He rushes to the race course and tells everyone what has happened. Andy, who has finally succeeded in getting his engine going, volunteers to chase down the villains. His car overtakes Armitage's car. When a fight ensues, Andy proves to be the better man. Flint gives Andy his daughter's hand, and a brand new car.
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