Loot follows the fortunes of two young thieves, Hal and Dennis. Together they rob the bank next to the funeral parlour where Dennis works and return to Hal’s home to hide the money. Hal’s mother has just died and the money is hidden in her coffin while her body keeps on appearing around the house. Upon the arrival of Inspector Truscott the plot turns topsy turvy as Hal and Dennis try to keep him off their trail, aided by Nurse McMahon and to the despair of Hal’s father, Mr McLeavy.