Granny is going to the store and Precious is sad that he has to stay behind but Granny leaves him with a big soup bone. The neighbor bulldog sees this and wants the bone for himself. Granny leaves and the bulldog starts his plan to try and get the bone. First he tries ringing the front doorbell and then runs through the back door and grabs it, but Precious has tied it to a table with string and it's jerked away from him. Then he tries several other ways to get the bone and each time he is foiled by Precious and he usually ends up getting the worst end of it.
Precious decides to pull a prank on him and goes to the pet store and gets something. The bulldog has given up and the bone is thrown out the window. He eagerly grabs it and runs to his doghouse to eat it and finds out that it's a rubber bone and Precious just laughs.