Pink Panther, Big Nose, and Horse compete in various Olympic events in efforts to win the gold medal with each devising ways to win against the other. Pinky is the overall winner with several gold medals, Hoarse wins one, and Big Nose gets shut out. Panther, feeling sympathetic, offers Big Nose one of his medals, putting a smile on his face. But he's unable to wear it since it's longer than his neck and it simply drops to the ground.