Aspiring actress Louise Muban attends the prestigious Paris School of Drama during the day and works at a dreary factory assembling gas meters at night. She daydreams and "acts" her way through life, and her fellow students at school begin to suspect her stories are just that - fabrications. After Louise begins to weave an actual meeting with a debonair playboy into a fantasy of club dates and romance, her classmate Nana discovers the lie when she too meets the playboy. Nana sets a trap for Louise, and the result is an end to one fantasy and the realization of another.
O filme retrata a vida de Florenz Ziegfeld (William Powell), um dos maiores empresários do showbusiness norte-americano no começo do século XX. Incluindo seus casos com artistas de seus espetáculo, seu casamento com Anna Held (Luise Rainer) e a crise da década de 30.
In this "Miniature Musical Comedy," a factory worker keeps pining away for her Prince Charming to rescue her, unaware that her co-worker is a nobleman in disguise. M-G-M seems to have set up Jean Chatburn and Gregory Gaye in this as an alternate Jeanette MacDonald and Nelson Eddy.