According to his uncle's will, Bob, a carefree young man, must spend $1,000 within 24 hours and give an account of how it was spent to the lawyer. First he almost buys a necklace for his greedy girlfriend, then he almost gives it to a con man. Finally he gives it to his uncle's ward, Linda, and the orphans she cares for. Bob then learns if he spent his $1,000 wisely he would receive another $50,000; if not, it would go to Linda. In true O. Henry style where coincidence affects character, Bob tells the attorney he lost the money at the race track.