Two thieves, who travel in elegant circles, try to outsmart each other and, in the process, end up falling in love.

Young and wealthy Molly Allison can't be "presented" into society until her older sister Julia is married, but that doesn't stop Molly from pursuing her usual wild ways. She finds herself in turn pursued by Count Renaud, unaware that he is a criminal interested in swindling her out of her money. To discourage the Renaud's attentions--and because she already has a boyfriend, Billy Wilcox--she tells Renaud that she is actually an Indian squaw who is just living in the Allison household. That doesn't stop the Count, however, and he turns his attentions to Molly's sister Julia.

Young Janet Barnes is dumped by her fiancé Ernest Morgan for Suzette Sparks, who comes from a wealthy family. Enraged, Janet sends him a photo of the elaborate and elegant mansion next door, implying that it is actually her home. Ernest replies that he and his new wife want to visit there during their honeymoon.

During lunch, Cuthbert King asks his sister Phyllis for a loan to pay off his gambling debts. Upon leaving the restaurant, he accidentally takes the overcoat of antique jewelry dealer Grayson Blair. When Phyllis is unable to pay her bill, Grayson, attracted to her, picks up the check, but after he arrives home and discovers that a valuable Hindu necklace he had stored in his coat pocket is missing, he suspects Phyllis as the crook. Dressing up in her brother's clothes, Phyllis finds the necklace, suspects her brother, and seeks out Grayson, whom she has discovered to be the jewel's owner. After a series of mix-ups during which Rhi, who has been trailing the necklace to return it to the Hindu idol from which it was stolen, tries unsuccessfully to kill Grayson, the overcoat is recognized, everything is cleared up, and Grayson and Phyllis become engaged.

Wild young Ann Anderson keeps getting expelled from boarding schools because of her passion for pulling pranks. She is finally enrolled at Madame D'Arcy's Finishing School.