A petty con man named Arky Lochner fumbles and stumbles down a dark alley with something following him. A demonic creature in the shape of a cloud claims in rather colorful language that Arky is a fool and shouldn't have tried to outwit him. Arky claims he has two days before the demon has the right to do anything to him. In the demon's moment of indecision, Arky runs off and into "Nino's Toys and Imports". He runs into the office of Mr. Nino Lancaster and begs Nino for help from the demon, even though he owes Nino a great deal of money. Arky tries to explain that the money lent to him by Nino was spent to make a deal with a demon named Volkerps to pick horse winners in exchange for his soul. The only problem is the horses all died as they crossed the finish line, either packed full of dope or due to other maladies which caused Arky to lose despite the horses' win.