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.

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.