While escaping war-torn China, a group of Europeans crash in the Himalayas, where they are rescued and taken to the mysterious Valley of the Blue Moon, Shangri-La. Musical remake.

Morgan (Frank Shannon) pays off Randy (Smith Ballew) and Barry (Stanley Fields) with a promissory note to be collected at the Blake ranch. They arrive to find Mrs. Blake (Ruth Robinson) sick and without any money, her back taxes due, her ranch hands departed, and her son in need of an operation. With Randy attracted to Janet (Cecilia Parker) and Barry hoping to help Danny (Wally Albright), the two decide to stay.

In California, an old man grieves the loss of his wife and on the next day he also dies. However, the space soldier Eros and her mate Tanna use an electric device to resurrect them both.