Peasant children Mytyl and Tyltyl are led on a magical quest for the fabulous Blue Bird of Happiness by the fairy Berylune. On their journey, they're accompanied by the anthropomorphized presences of a Dog, a Cat, Light, Fire, and Bread, among other entities.
A wealthy woman's wild lifestyle finally drives her husband to take their two children, move out of the house and file for divorce. Positive she'll lose her children unless she shows the judge that she's changed her wild ways, she takes in two poor street kids, a brother and sister.
When a major newspaper accuses wealthy socialite Connie Allenbury of being a home-wrecker, and she files a multi-million-dollar libel lawsuit, the publication's frazzled head editor, Warren Haggerty, must find a way to turn the tables on her. Soon Haggerty's harried fiancée, Gladys Benton, and his dashing friend Bill Chandler are in on a scheme that aims to discredit Connie, with amusing and unexpected results.