Hillary Kramer, successful Perfume magnate awakes one morning to find that her accountant has robbed her blind and left for South America. Going through all of her remaining assets she finds a boxer, purchased as a tax write off. She decides to take Kid Natural, (Eddie Scanlon) who is much more at home giving driving lessons, into the ring and use him as her key to riches. Eddie thinks this will only get him killed and resists.
Three Italian-American brothers, living in the slums of 1940's New York City, try to help each other with one's wrestling career using one brother's promotional skills and another brother's con-artist tactics to thwart a sleazy manager.
Four socialites unexpectedly clash: heiress Brooke Carter runs into gambler Johnny Spanish at the race track while playboy Michael O. Pritchard nearly runs into stage star Kitty O'Kelly with his car. Backstage at Kitty's show, it turns out she and Brooke are old friends who attended public school together. The foursome do the town, accompanied by Brooke's companion Elizabeth, who throws herself at Michael's butler and chauffeur Rodney James.
Harry is a barely functional human. He meets an old friend who is having marital problems as Harry is about to leap off of a bridge. His friend decides that Harry is the man to take his wife away from him so that Milt can be with his girlfriend. Ellen and Harry have an instant attraction and in a short while Harry is wearing Milt's suits and Milt is free. But, Ellen soon discovers that Harry is the world's worst roommate.
Straitlaced senatorial hopeful David Stratton has no idea what he's in for when he arrives home from a trip to find sexy teen Jody curled up asleep in his daughter's bed. Soon, delinquent Jody is holding David -- and his plush suburban home -- hostage while she hides out from the cops and throws wild parties with her beatnik pals. David, terrified of scandal, agrees to drive Jody and her friends to Mexico, a decision he regrets when the ride gets out of control.