The Little Rascals S12E03 - Hi'-Neighbor!

A rich kid moves into the neighborhood, and the gang paws all over his shiny fire engine. When Wally's girl, Jane, takes a ride with the snotty brat, Wally boasts that the gang has their own fire engine. Eventually they do, but they have to build it first. To test their new ride, they race the rich boy down a steep hill.