A comedy/variety special hosted by Jack Benny. The program opens with Hope and Thomas as paper hangers discussing Benny's stinginess. Benny delivers a monologue and explains the program's theme. Highlights of this program include the following: Johnny Carson plays a carnival barker introducing Lucille Ball as a red-headed bombshell who portrays Cleopatra and Helen of Troy in her carnival act; Ben Blue plays the world's foremost mindreader; and Paul Revere and the Raiders sing "Too Much Talk" and "Him or Me," and are interrupted by Benny in the guise of a band member. Also, Blue and Benny perform a pantomime and Carson impersonates Benny.