Upon hearing a grim outlook from a psychic one morning, Zelda Pickford willingly sets in motion a series of humorous and harrowing events that unfold during the course of a New Year's Eve dinner party. A disastrous love triangle ensues in a story that raises the classic question—was it fate or was it folly?

When Larry and Maria learn that their respective spouses are cheating on them, they try to turn the tables on them by pretending to have an affair. However, they soon find themselves falling in love.