Wally Davis is a Korean War veteran and uses his $500 of his mustering out pay to buy a confiscated bootlegger ’40 Ford from a North Carolina sheriff under the condition that it is to go directly to New York state. With a good job in Schenectady, Wally uses the ’40 ford to do Illegal street racing for money. He gets a big bet going with Jack Mahoney to race a ‘49 Chevy fastback coupe. It is a sure thing that he will win.
What he doesn’t know is that he has been setup and has no chance in that race when a teenage girl by the name of Shirley drives the car. Disgusted, he sells the car to a recent Union College grad and now a 2nd Lt. in the Air Force. Lt. Clark has some romantic episodes with the car but is forced to sell it when he gets new orders. The Ford is forgotten … and the rest of the story is …

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