Fontaine Khaled is the wife of a wealthy but boring businessman. She spends his money on her nightclub, The Hobo, and partying. She hires a manager, Tony, to run her club, but it is understood that his job security is dependent on him satisfying her nymphomaniac demands.
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.