Fontaine Khaled is the London wife of wealthy Arab businessman Benjamin, whose money she blows on partying and on her nightclub, "The Hobo". She hires handsome Tony to manage her club, but it's understood that his job security is dependent on his satisfying her nymphomaniacal demands. He soon loses interest, and turns his attention to her stepdaughter Alexandra, who uses him to get back at Fontaine for cheating on her father.

A nebbish schoolteacher begs his smooth (and misogynistic) pal to teach him 'the knack' – how to score with women. Serendipitously, the men meet up with a new girl in town, as well as a friendly lunatic who can’t help but paint things white.