Singing, dancing, and ice skating are featured in this musical that focuses on ice-skating sensation Belita. The story begins as she travels to a California resort where she has been hired as a replacement for a dance team. The resort is run by a handsome fellow. As a result of the gig, the skater becomes a national star while the resort manager gets fired and becomes a drifter until he ends up in the Army. The Oscar nominated score includes the following songs: "Silver Shadows and Golden Dreams", "Dream of Dreams", "Rio", "In the Days of Beau Brummel", "Lady, Let's Dance", "Happy Hearts", "Ten Million Men and a Girl", and the rhumba standard "Esperanza".

A falsely convicted man's wife, Catherine, and an alcoholic composer and pianist, Martin, team up in an attempt to clear her husband of the murder of a blonde singer, who is Martin's wife.