Most of the film takes place during the early twentieth century when Panco Villa was rising in power as a rebel leader in Mexico. He is convinced to start fighting for liberty and joins up to fight against the government. He also takes a liking to an American newspaper reporter Johnny Sykes who reports on Pancho's exploits. Eventually he is exported, comes back and is a horrible leader and steps down when he is assassinated in a revenge killing.
I'll be honest, there aren't many films that were nominated with the letter V, so I took the oldest one I could find. And Wallace Beery was a great actor who does a good over the top version of Pancho Villa, so that alone is worth watching it.