The first of a new Columbia Phantasy cartoon series, introducing Margie, who receives a charm bracelet from Scrappy. When she falls asleep, the various charms on the bracelet come to life. They have a picnic and a good time, and as Margie awakens, they become inanimate objects on the bracelet again.
The Color Rhapsody series is most notable for introducing the characters of The Fox and the Crow in the 1941 short The Fox and the Grapes. Two Color Rhapsody shorts, Holiday Land (1934) and The Little Match Girl (1937), were nominated for the Academy Award for Best Short Subject (Cartoons).