Freedonia is about to go bankrupt. In a meeting of the council of ministers, the government decides to ask Mrs. Teasdale, a rich lady, for help.  She accepts their claims, but in exchange the government must name Rufus T. Firefly as the president.

Meanwhile in Sylvania, neighbouring country with which Freedonia is in tension of war, the news is not well received. Trentino, ambassador of Sylvania in Freedonia, tries to court Mrs. Teasdale, but she is infatuated with Firefly, who she managed to put as the country’s president.

Trentino does not give up and decides to hire two spies, Chicolini and Pinky, to destabilize his rival and get the strategies that can lead them to win the war.