A group of young actresses reminisces about their days as part of a gang of kids, headed by Mickey McGuire. Their memories take the form of clips from episodes of the long running Mickey McGuire series of short comedies.

In PRC's Follies Girl, Wendy Barrie plays dress designer Anne Merriday, who becomes the object of middle-aged millionaire J. B. Hamlin's (J.C. Nugent) affections. To save his dad from throwing his life away on a supposed golddigger, Hamlin's son, Army private Jerry Hamlin (Gordon Oliver), begins courting Anne-and, of course, falls genuinely in love with her himself. Meanwhile, the rogueish J.B. tries to mount a Broadway burlesque show, with costumes designed by Our Heroine.