The clowns Piffero and Tamburino find the treasure map of Mago Baku, each of them wants the treasure for himself, but pretends to want to share it with the other. The search for the treasure, according to the indications on the map, takes place with the help of the children. At the end of the enterprise, yet another argument breaks out between Piffero and Tamburino, during which the treasure chest overturns... but, what treasure?... they discover...