A flapper who's secretly a good girl and a gold-digging floozy masquerading as an ingénue both vie for the hand of a millionaire.

Young, vivacious Billie uses her charms on influential businessman Glenn Abbott in hopes of getting her secret fiancé Gil a diplomatic appointment. Meanwhile, Gil's affections meander to beautiful ingenue Kentucky, Billie's best friend.

Jerry, Connie, and Franky are small-town girls seeking wealthy husbands in New York City. But, while Connie and Franky are reckless with their affections — one bedding a married man and the other marrying a scoundrel — Jerry is determined to remain practical. As she mothers her wounded, heartbroken friends, she stalwartly but foolishly resists the advances of the good-hearted and affluent Tony Jardine.