Plot: While sailing their toy tugboat in a puddle outside their house, Wally and Spanky notice a moving van with a riding toy fire engine  passing through the neighborhood. They quickly round up the rest of the gang and follow the moving van to its destination. The owner of the fire truck, a snobbish rich kid named Jerry, comes out to find a dozen strange children playing with his fire engine and shoos them all away, refusing to trade any sorts of collateral (pocket knives, gratitude) for even so little as a ride. Enter Wally's girlfriend Jane, to whom Jerry, however, is quick to offer a ride. Wally tries to dissuade Jane from riding with Jerry by telling her that the gang has a fire engine of its own, big enough for all the gang's members to ride in. Jane accepts Wally's invitation to ride in his (currently non-existent) fire engine after she returns from her ride with Jerry.

Wally, Stymie, and the gang quickly begin building a makeshift fire engine of their own; "borrowing" wheels, hoses, plywood, and other raw materials from around the neighborhood. As the older kids work on the fire engine, little Spanky and Scotty find themselves forced out of the proceedings, and sit on the sidelines giving commentary among themselves on the gang's progress. Unbeknownst to the gang, Jerry sneaks over to the gang's barn with Jane in tow, hoping to prove that the gang does not have a fire engine. He quickly flees in embarrassment, however, when a drill from the other side of the barn door strips him of his pants.

The unwieldy results of their labor fail to impress Jane, whom Jerry successfully coaxes into another ride with him. Undaunted, the gang follows them, and Jerry challenges them to a race to the bottom of a long, steep hill. Not long after the start of the race, the gang's fire engine loses its brake (a 2x4 nailed between the wheels), and Jerry fears that the gang might very well run him over. Halfway down the hill, Jerry bails out of his fire engine into a lawn, leaving Jane alone to crash in the next lot over; in retaliation for being abandoned, Jane activates a water sprinkler that drenches Jerry. While the gang cheers in victory, their fire engine suddenly veers onto the sidewalk, where they knock over several pedestrians and ride straight through a hedge, which tears their clothes and causes them to emerge from the other side in their underwear (except for Spanky, who proceeds to take his clothes off).

Nice, sharp print but has some lines and splices, although the splices are pretty much in the beginning.  Excellent sound.  NOTICE: THIS PRINT HAS A SLIGHT VINEGAR SMELL AND A MOLECULAR SIEVE IN THE CAN.  On a 800 ft plastic reel in a plastic can.

Interesting Note:  Hi-Neighbor! was the first Our Gang film produced after the series' four-month hiatus, necessitated by George's "Spanky" McFarland's unavailability. While on loan to Paramount to appear in Miss Fane's Baby is Stolen (1934), McFarland caught whooping cough, but his parents allowed him to work while sick. As a result, McFarland gave the disease to his juvenile co-star Baby LeRoy, forcing a shutdown in production. As punishment to McFarland's parents, the Los Angeles Board of Education suspended George McFarland's work permit for ninety days, resulting in a four-month gap between the production of Wild Poses in August 1933 and Hi'-Neighbor! in January 1934.