Depressed by the antics of the other ghosts, Casper leaves home to make friends. After unintentionally scaring several potential pals, Casper befriends two young children. They take him home, where Casper frightens their mother. Casper is again upset because he believes that he will always scare away his potential buddies. However, Casper scares away a banker who is coming to foreclose on the woman's house, and this wins her heart for Casper.
Casper makes friends with a fox cub.
Casper the Friendly Ghost, sad that he can make no friends since everyone he meets is afraid of him, hatches an abandoned egg and becomes the emerging little duck's best friend and protector. Casper's third and last short from 1949 in the "Noveltoons" entry until his own cartoon series in 1950.