Joe Gimlet (Lee Tracy) is a middle-aged man who runs a store with his wife Mary (Mae Clarke). Times are tough and they’re barely eking out a living when one day, their old friend Ted Wright (Otto Kruger) comes into the shop and they agree to get together. Ted has been faring a bit better than Joe and Mary; he went on to become a very successful bank president and is married to Elvina (Peggy Shannon), another old friend of theirs. They agree to get together and spend an evening together.
Growing up, Ted was infatuated with Mary and Joe is still kicking himself for turning down a business proposition from Elvina’s father when he was younger that would have made him a millionaire. Despite everything he has, Ted admits to being jealous of everything Joe and Mary have and offers Joe the chance to get in on an investment. Joe really wants to take him up on the investment opportunity, but it would wipe out their savings and Mary doesn’t think it’s a good idea. She and Joe get into a big argument about it that night and Joe gets very drunk, leaves the house, and gets hit by a car.
Joe is taken to a hospital where he’s put under ether and dreams that he’s a young man once again. Now he has a chance to undo all the mistakes he made so many years ago. Not only does he take Elvina’s father up on that business offer, he marries her and uses his knowledge of the future to make some very wise investments and ends up being offered a very important consultant position with the government regarding World War I. Mary, on the other hand, married Ted and the two of them live a modest life running a shop together. But there’s the age-old question of whether or not money truly makes a person happier.
Movies about a person having a fantasy about either going back in time, into the future are hardly, or otherwise experiencing an alternate reality are hardly anything unique, but Turn Back the Clock somehow manages to not feel clichéd. I can’t quite put my finger on what prevents it from feeling trite, but it manages to pull it off. It may be because it does have a touch of sentimentality to it, but not in a heavy-handed way. It’s a slow build to Joe’s epiphany that maybe wealth and power isn’t quite what it’s cracked up to be and never heads into being overly dramatic. The cast is great, it’s a particularly great Lee Tracy vehicle. It’s certainly interesting to see them try to make young Mae Clarke into a drab middle-aged woman. And hey, it’s even got a special guest appearance by the Three Stooges as an added bonus. All in all, I’d say it’s a movie that deserves to be a bit more well-known than it currently seems to be.