Bugs Bunny and Daffy Duck have to sell books for Rambling House. They go their separate ways and experience many wacky things. For instance, while flying through a winter storm, Daffy ran into a house owned by Porky Pig and briefly stayed there while taking place of a stuffed duck which he merely destroyed. Meanwhile, Bugs burrowed his way to a jungle where he pretended to be a baby ape to an ape couple. One half of the couple wanted to do Bugs in, but manages to divert him after he accidentally dropped a boulder on his wife's head.
After a little while, Bugs and Daffy reunite and burrowed their way to a cave at a dry desert. Inside, were treasures consisting of gold, jewels and stuff. The greedy duck tries to take the treasure, but he ran into Hassan the guard and made a mad dash back to Bugs who tricked Hassan into climbing into the clouds. Daffy ran back into the cave in excitement.
Later, Bugs comes across Sultan Yosemite Sam's palace in the Arabian desert. Sam needs someone to read a series of stories to his spoiled brat son, Prince Abba-Dabba. When Bugs first meets the tyke and gets mocked, he objects to the idea of reading to him. Then, Sam threatens to make Bugs bathe in boiling oil, at which point Bugs agrees to read to Abba-Dabba. Bugs tries to escape in a variety of ways but to no avail. At one point, Bugs even escaped on a flying carpet from the palace, but Sam catches him.
Meanwhile, Daffy tries to make off with the treasure. As he finished with it, he makes a quick check to see if he missed anything. That's when he encountered a magic lamp with a genie inside. Initially he rubbed the lamp thinking that with a little spit and polish, it would bring a few more bucks but it instead releases a genie whom Daffy pushes him back down thinking he was trying to steal the treasure. But the genie does not like what he was doing and chases him out of the cave by casting dangerous spells on him. Daffy then wanders through the desert in a desperate search for water.
Back at the palace, Bugs is fed up with reading stories to the prince, so he dumps his book in the fire. As he was being threatened to be dunked in boiling oil, Bugs warns Sam not to throw him in a nearby hole which Sam eventually did. Little did Sam and Abba-Dabba realize that this was Bugs' ticket to freedom. So Bugs luckily escapes and ran into Daffy. Daffy was pleased to see Bugs and soon sees the palace, hoping to sell books there. Bugs tries to warn Daffy about the palace, but he would not listen. He found out the hard way and the two walk off into the sunset with Daffy missing all of his feathers.
The Pied Piper of Guadalupe & Mexican Boarders (with the story starting in the middle of the former after Sylvester had learned to play the flute before shifting to the plot of the latter and going back to the ending of the former)
Most of the rest of the movie consists of the stories played out as classic cartoons. Some of the classic cartoon shorts were abridged. In the One Froggy Evening sequence, the ending where the construction worker from 2056 finds Michigan J. Frog and makes off with him was cut, making it seem as if the cartoon ended with the construction worker from 1955 getting rid of the frog and running off.
This was the first Looney Tunes compilation film to use a completely original story and treat the included cartoon shorts as part of the story, as opposed to having the characters introduce the cartoons.
The original 1983 VHS release and early television airings (like the Disney Channel in the 90's) of the film had one sequence that was cut on its 2001 VHS and current television airings for time constraints. It took place after Bugs finished reading the story of Goldimouse and the Three Cats to Prince Abba-Dabba, he told the next story to Abba-Dabba, Little Bo Peep which featured the 1962 Ralph Wolf and Sam Sheepdog cartoon A Sheep in the Deep.
The Character Prince Abba-Dabba, may be based on the Junior character from "A Waggily Tale".
The main plot point, setting up Bugs and Daffy as Scheherazade-like figures, is in itself similar to the 1959 short Hare-Abian Nights, which itself used considerable stock footage and also featured Yosemite Sam as the sultan.
Another interesting aspect of this film is that many voice artists that were not credited in the original shorts are billed as "additional classic voices". For the first time, over twenty years after his death, Arthur Q. Bryan receives credit on a Warner Bros. production, even if it does fail to credit him as the voice of Elmer Fudd.