Billy the Kid and his pal Jeff help their friend Fuzzy Jones escape from jail, and the trio heads for Paradise Valley, where Fuzzy can fulfill his dream of becoming a homesteader. Much to their dismay, the town is run by the no-good, land-swindling, trigger-happy team of Matt Brawley and Jack Saunders. It's up to Billy to devise a plan to pit the crooks against each other, and reclaim the valley for the homesteaders once and for all!