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While waiting to herd in cattle into a station under the light of the moon, one man asks the other to tell a story. The stockman Dan complies, describing the time he was told of a ghost hanging on a tree on moonlit nights and went to investigate. Seeing the figure hanging from the branch of a tree, he and his companion fled in fear. In the end, it turned out to be a dead kangaroo that someone had killed and hung from the tree.