Thief Gaston Monescu and pickpocket Lily are partners in crime and love. Working for perfume company executive Mariette Colet, the two crooks decide to combine their criminal talents to rob their employer. Under the alias of Monsieur Laval, Gaston uses his position as Mariette's personal secretary to become closer to her. However, he takes things too far when he actually falls in love with Mariette, and has to choose between her and Lily.

Andre and Colette Bertier are happily married. When Colette introduces her husband to her flirtatious best friend, Mitzi, he does his best to resist her advances. But she is persistent, and very cute, and he succumbs. Mitzi's husband wants to divorce her, and has been having her tailed. Andre gets caught, and must confess to his wife. But Colette has had problems resisting the attentions of another man herself, and they forgive each other.

A narrator sings the opening stanzas of the classic poem while we see the house at rest. Santa lands on the roof, comes down the chimney, and opens his bag. The toys march out and decorate the tree, with the toy soldiers shooting balls from their cannon, a toy airplane stringing a garland like skywriting, and the toy firemen applying snow. A blimp delivers the star to the top. Meanwhile, Santa fills the stockings. His laughter awakens the children, who sneak out. The toys rush to their places, and Santa escapes up the chimney just in time.

A countess fleeing her husband mistakes a count for her hairdresser at a Monte Carlo casino.

In the province of Bullvania, the President loses important papers and war is almost declared. Detective Shemp Howard and his partner come to the rescue.

A manufacturer and an impresario (who has promised some young people he will stage their show) are twin brothers causes a lot of confusion when the manufacturer is mistaken for his no-money brother.

After running their car off the road, a society matron insists that the girls spend the evening at her mansion.

Zasu & Thelma go out with two idiots to a nightclub.

An inventor and his lanky girlfriend set an altitude record in his winged contraption.

The top brass at a radio station believe their popular new star singer is paying more attention to his love life than to his career.