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Upon arriving in Rainbow Valley, Missitucky, with his daughter Sharon, Irish rascal Finian McLonergan buries a pot of stolen leprechaun gold, mistakenly believing that it will multiply because the ground is near Fort Knox. When the bigoted local senator, Billboard Rawkins, tries to foreclose on popular young Woody Mahoney's tobacco land, Finian pays the balance of Woody's debt and forever endears himself and Sharon to the sharecroppers of the valley. Woody and a fledgling black scientist, Howard, are partners in trying to develop a mint tobacco plant; but, since the leaves of their plants will not burn, Howard is helping to finance their experiments by working as a domestic for the greedy and intolerant Rawkins. Meanwhile, Og, a leprechaun, has been following the McLonergans to America to retrieve the gold; without it he is doomed to become a mortal. Eventually geologists detect the presence of Og's gold in the valley, and Rawkins renews his bid to seize Woody's land. Unaware that the pot of gold carries with it three magic wishes, Sharon wishes that Rawkins could turn black so that he would better understand the plight of the sharecroppers. When Rawkins actually does turn black, Sharon is arrested as she is about to marry Woody and sentenced to be burned as a witch. To save her, Og, who alone knows the secret of the gold pot, wishes Rawkins white again. Og, now almost totally mortal, falls in love with Woody's mute sister, Susan the Silent, and he uses the last wish to give her the power of speech. As he becomes human and the gold turns to dross, the barn fire intended for Sharon spreads to Woody's experimental laboratory and proves that the mint tobacco leaves will actually burn. Woody and Sharon are then happily wed, and the optimistic Finian leaves the valley to seek his fortune elsewhere. Musical numbers : "Look to the Rainbow" (Sharon, Finian, and Woody); "This Time of the Year" (Chorus); "How Are Things in Glocca Morra?" (Sharon and Finian); "If This Isn't Love" (Woody, Sharon, Finian, and Chorus); "Something Sort of Grandish" (Og and Sharon); "That Come-and-Get-It Day" (Woody, Sharon, Chorus, and Ensemble); "Old Devil Moon" (Woody and Sharon); "When the Idle Poor Become the Idle Rich" (Finian, Sharon, and Chorus); "When I'm Not Near the Girl I Love" (Og); "Rain Dance Ballet" (Susan and Chorus); "The Begat" (Rawkins and Gospeleers).