Based on the true life of Benjamin Charles Helwig (1919-2011). During WWII he was an aircraft parts inspector at Northrop. After the war he became a master cabinet maker.
The joke about the character leading the initiation feeling a remnant from an Our Gang comedy wasn't that far off the mark. He was, in fact, George 'Spanky' McFarland, one of the original series cast members.
In the "A Pete Smith Specialty" series of comic short films on unusual real life.