The cartoon begins with a grand opening. You think it's for a movie but it turns out to be for Flip the Frog's soda fountain. Tons of comedians arrive but ultimately the place is destroyed when Flip creates a concoction that turns one of the patrons into a monster....literally.
I really think "Soda Squirt" is a film that would not appeal to most folks today. First, there are tons of cameos by the best screen comics of the day--all folks who most people today would not recognize (such as Laurel & Hardy, the Marx Brothers, Joe E. Brown, Jimmy Durante, Buster Keaton and and Mae West) as well as Mr. Hyde from the Frederic March version of the Stevenson novel. Second, I am pretty sure the bit about the 'pansy' (code word at the time for a homosexual) is bound to offend. However, if you can look past this and you are familiar with these old personalities, "Soda Squirt" is a cute little cartoon--though I will admit, it is a bit short on laughs.