In this funny sequel to the popular Francis the Talking Mule, the talkative Mule and his pal Peter get a job working on a horse-breeder's ranch. They end up saving it from financial ruin when Francis, who has the inside track with the racehorses, provides Peter with names of the winners before the races are run. Sure enough Peter finds himself with a fistful of cash and uses it to buy a racehorse for the farm. Unfortunately, the horse he chooses is suffering from a debilitating lack of confidence. When not dealing with the mare, Peter finds time to court the horse breeder's niece and trying to avoid the gangsters who want in on the winnings.
| Writing | Oscar Brodney | Screenplay |
| Directing | Arthur Lubin | Director |
| Writing | Robert Arthur | Story |
| Editing | Milton Carruth | Editor |
| Writing | David Stern | Screenplay |
| Production | Leonard Goldstein | Producer |
| Sound | Frank Skinner | Music |
| Camera | Irving Glassberg | Director of Photography |
| Art | Bernard Herzbrun | Art Direction |
| Art | Emrich Nicholson | Art Direction |
| Art | Oliver Emert | Set Decoration |
| Art | Russell A. Gausman | Set Decoration |
| Costume & Make-Up | Rosemary Odell | Costume Design |
| Costume & Make-Up | Joan St. Oegger | Hairstylist |
| Costume & Make-Up | Bud Westmore | Makeup Artist |
| Sound | Leslie I. Carey | Sound |
| Sound | Robert Pritchard | Sound |
| Crew | David S. Horsley | Special Effects |
| Writing | David Stern | Characters |
