The Steptoe's loyal but past it horse must be sent off to the knacker’s yard. Charged with buying a new nag, Harold gets drunk and blows Albert’s savings on a greyhound in the belief he will win them a fortune. One slight problem: the dog is near-blind and can’t see the hare! Flat broke, there’s only one solution, the unforeseen ‘death’ of Steptoe Snr in order to collect his generous insurance policy.