Pete Jefferson, a colored gentleman, wants to cash in on a life insurance policy he has just taken out, so he decides to play "dead" and collect immediately. His mother consents to aid him in the scheme. Pete's friends are soon notified of his death. They come to view the "corpse." Mandy, Pete's sweetheart, shows intense grief, to the "dead" man's delight. But when a rival comforts her affectionately, the "Corpse" shows signs of uneasiness. Friends sitting up with the ''remains," pass away the time with a watermelon and a crap game. Pete becomes interested in the latter and eats the former. When the watchers find the watermelon gone they fear ghosts and flee in terror. His death having been made public, Pete leaves to collect his insurance, but finds the company bankrupt. Hurrying home, the "dead" man walks in upon the mourners. Consternation reigns until the hearty kisses bestowed upon Mandy assures them the "corpse" is very much alive.