Fields plays "Larsen E. Whipsnade", the owner of a shady carnival that is constantly on the run from the law. Whipsnade is struggling to keep a step ahead of foreclosure, and clearly not paying his performers, including Bergen and McCarthy, who try to coax money out of him, or in McCarthy's case, steal some outright.
Ann Barton, the daughter of a once-wealthy family, is forced to clerk at the cigar counter of a village hotel, where she meets James McDonald, a breezy, handsome salesman. Ann is adopted by an aristocratic aunt, who disapproves of James's manners and breaks up Ann's relationship with him. Ann soon revenges herself on her aunt by placing both her aunt and herself in compromising positions.
This drama had two directors: Maurice Elvey handled most of the film, but the fantasy sequence was directed by Henry Otto. Newlyweds Alice and Robert are already having differences over money. He gets angry at her extravagances, especially when she spends more than they can afford on an imitation pearl necklace. Ridgeway, a client of Robert's, invites the couple to a party. Robert wants to decline, but Alice insists that they go. Ridgeway loans Alice a real pearl necklace, to "restore their lustre," and everyone heads for his yacht. Ridgeway pays Alice a lot of attention, while a young widow tries to vamp Robert.
Ort Hutchins is a confirmed loafer who spends all of his time fishing while his wife toils over the washtub. One day, while digging for worms, Hutch uncovers a box containing $100,000 in bills, the loot of a bank robbed in the next town. Realizing that he cannot spend the money without arousing suspicion, Hutch resigns himself to taking a job for cover. ...
Harriet Field, living the Bohemian life in Greenwich Village, is tricked into a mock marriage with the unscrupulous Royal Blondin. She leaves him, taking a job as companion to the wealthy Nina Carter. Blondin reappears during a masquerade ball thrown by the Carters, makes advances to Nina but Harriet intervenes, bringing threats from Blondin to expose her past. When Nina’s faithless mother is killed in a car crash as she elopes with another man Richard Carter persuades Harriet to marry him for the sake of the children. She reveals all to her husband and Richard offers Blondin a hefty sum of money to stay out of Nina's life.