When the Manhattan investment firm of Sherwood Nash goes broke, he joins forces with his partner Snap and fashion designer Lynn Mason to provide discount shops with cheap copies of Paris couture dresses.

"Happy" MacDonald and his unfaithful wife own a Prohibition era night club. On this eventful night, he is threatened by bootleggers, and the club's star dancer falls in love with a young socialite who drinks to forget a personal tragedy, among other incidents.

Wild girls at a college pay more attention to parties than their classes. But when one party girl, Stella Ames, goes too far at a local bar and gets in trouble, her professor has to rescue her. Gossip linking the two escalates until Stella proves she is decent by shielding an innocent girl and winning the professor's respect.

Winfield College students rebel against a stodgy professor who won't permit "swing" music be played in their varsity show. They appeal to a big Broadway alumnus and have him direct their show. What they don't know is that this "star's" last three shows were flops.

A drunken newspaperman, Jerry Corbett, is rescued from his alcoholic haze by an heiress, Joan Prentice, whose love sobers him up and encourages him to write a play, but he lapses back into dipsomania.

Jeffrey and Glenda are two lovers about to embark on a three-day cruise to nowhere. Their plan is to be married on board by the ship's captain. As Glenda is packing to leave, she receives a threatening phone call from her obsessed, former lover Leo. Glenda confronts Leo and tells him that it's over. Leo, a high-powered attorney calls a hit man to have Jeffrey eliminated. Glenda knocks Leo over the head before he can give the hit man a name. Leo is dead. Glenda sneaks back into her apartment, goes off on the cruise with Jeffrey and pretends that all is swell. Leo's partner, Stephen Bessemer, suspects Glenda and follows her to the ship. Bessemer stages a mock trial aboard the ship and cleverly draws a confession from Glenda. Jeffrey, also an attorney, represents Glenda when she is arrested upon arriving on shore. A skeptical district attorney, and the fact that Jeffrey horsewhips the star witness (the hit man), combine to get Glenda completely off the hook.

Managing Editor Brad Bradshaw refuses to run a story linking the disappearance of Frank Canfield with embezzlement of the bank. He considers Frank a straight shooter and he goes easy on the story. Every other paper goes with the story that Frank took the money and Brad is demoted, by the publisher, to the Heartthrob column - writing advice to the lovelorn. After feeling sorry for himself for two months, he takes the column seriously and makes it the talk of the town. But Brad still wants his old job back so he will have to find Canfield and the missing money.

When all Broadway shows are shut down during the Depression, a trio of desperate showgirls scheme to bilk a repugnant high society man of his money to keep their show going.