George Bailey has spent his entire life giving to the people of Bedford Falls. All that prevents rich skinflint Mr. Potter from taking over the entire town is George's modest building and loan company. But on Christmas Eve the business's $8,000 is lost and George's troubles begin.

After the death of a United States Senator, idealistic Jefferson Smith is appointed as his replacement in Washington. Soon, the naive and earnest new senator has to battle political corruption.

A photographer takes up newsreel shooting to impress a secretary.

A New York inventor, Tom Jeffers, needs cash to develop his big idea, so his adoring wife, Gerry, decides to raise it by divorcing him and marrying an eccentric Florida millionaire, J. D. Hackensacker III.

A young man asks a hat check girl to pose as his fiancée in order to make his dying father's last moments happy. However, the old man's health takes a turn for the better and now his son doesn't know how to break the news that he's engaged to someone else, especially since his father is so taken with the impostor.

Roy Martin aka Roy Morgan is a burglar and former war-time Radio & Electronics Engineer who listens in to radio police calls, allowing him to stay one step ahead of the cops.

An aspiring playwright gets a job in a New York City restaurant favored by celebrities in hopes of getting a break. Unfortunately, most of them believe that the waiter lacks the talent to make it big. Only an aspiring songwriter, and a former waitress who has become a famous Hollywood radio star, really believe in him. When the ex-waitress drops by the restaurant to say hello, she and the others decide to play a trick on an arrogant producer by making him believe the waiter has written a sure-fire hit. They succeed and the producer puts on the show. The singer gets to be the star. When the show becomes a smash, everyone is surprised. Songs include: "Hitchhike To Happiness," "For You And Me," "Sentimental," and "My Pushover Heart."

Told in flashback, Depression-era bum Dan McGinty is recruited by the city's political machine to help with vote fraud. His great aptitude for this brings rapid promotion from "the boss," who finally decides he'd be ideal as a new, nominally "reform" mayor; but this candidacy requires marriage. His in-name-only marriage to honest Catherine proves the beginning of the end for dishonest Dan...

Dr. Tony Flagg's friend Steven has problems in the relationship with his fiancée Amanda, so he persuades her to visit Tony. After some minor misunderstandings, she falls in love with him. When he tries to use hypnosis to strengthen her feelings for Steven, things get complicated.

After losing a coveted role in an upcoming film to another actress, screen queen Mona Marshall (Lola Lane) protests by refusing to appear at her current movie's premiere. Her agent discovers struggling actress Virginia Stanton (Rosemary Lane) -- an exact match for Mona -- and sends her to the premiere instead, with young musician Ronnie Bowers (Dick Powell). After various mishaps, including a case of mistaken identity, Ronnie and Virginia struggle to find success in Hollywood.