Buzz stays at the wax museum overnight to try and discover what has been going on. He runs into the evil villain, Mr. Menace. Mr. Menace shows Buzz his latest creations. A giant dragon, gorilla, and cyclops. Buzz tries to call Frankie but gets covered in wax. Mr. Menace and his monsters take off for San Francisco to hijack a load of gold coming in on a ship.
Buzz is able to move his finger over a candle and melt the wax and call Frankie. Frankie comes to his rescue and they fly off to San Francisco to stop Mr. Menace.
They get there before the ship and Frankie flies in to stop the monsters. Buzz gets caught by the cyclops and Frankie takes care of the dragon and gorilla. The cyclops knocks Frankie with a metal beam and knocks him out of commission. Buzz uses his ring to activate Frankie again and he defeats the cyclops. Mr. Menace tries to run, but Buzz uses the wax gun on him to capture him.