A light comedy about a bunch of amateur fur thieves finds mastermind Albert Rayne (Terry Thomas) as a retired police major living at the boarding house of a matronly landlady. The landlady mistakenly returns a fur given to her by her maid for a full refund. She figures it will be just as easy to steal furs as it is to return them. Major Rayne and the landlady gather the boarders together to create a gang of unlikely criminals. Major Rayne instructs the gang on how to implement split second timing to insure the precision in executing their crimes.