The film is set in Memphis, Tennessee and focuses on a street sweeper who comes upon a large parcel of money. He uses the newly acquired wealth to go on a spending spree, with the hope of getting back at an old girlfriend who dumped him for another man. However, complications arise when it is discovered the money is counterfeit.

Bad News Johnson, a con artist from Memphis, Tennessee, arrives in Dallas, Texas, accompanied by his dim sidekick July Jones with only twenty-five cents between them. The duo arrange to become boarders at the home of Louella "Mama Lou" Holiday, who is fooled into believing Johnson is an acting teacher from Hollywood. Mrs. Holiday agrees to give the men free room and board if they will provide poise lessons to her daughter, an aspiring beauty queen named Honey Dew.

Daisy Mae Walker is an aspiring singer from a small town in Texas, who comes to a Big City to pursue a show business career. A kindly cab driver and a troupe of down-and-out musicians staying at her hotel provide her advice and support; but she falls prey to a sleazy nightclub owner who promises her stardom and makes her his "kept woman". NB: There is no "The" in the title of this film.