This is one of the weirdest Our Gang shorts I've ever seen--and I've seen a bunch!! It begins at an orphanage run by a nasty old guy (Clarence Wilson) and woman. However, they are taking the kids to a party at the McWade's house--because the McWades are the ones who pay his salary.
The kids have a nice time and Dick and Mary McWade wish they, too, could be kids and enjoy the party. When they discover a magic lamp, they are transformed into kids and they join the party. BUT, there is a catch. The nasty orphanage operators take Dick and Mary with them when the party ends and they get to learn first-hand how badly they treat the kids. It's all very funny (particularly the part with the hammer) and strange--and well worth seeing.
George and Olive Brasno play the child versions of Dick and Mary. However, I have no idea why they chose to have these two midgets play kids instead of just having kids play the parts. Perhaps it was because Dick smokes a cigar, but considering the way child actors were treated back then, I am surprised they didn't just have a kid smoke!