Paris-based New York Herald Tribune reporter Jimmy Race (Andrews) is sent by his boss (Sanders) behind the Iron Curtain in Budapest to investigate a meeting involving the Hungarian ambassador.
Former burlesque star May and her daughter Peggy dance in the chorus. When May has a fight with featured dancer Bubbles, Bubbles leaves the show and Peggy takes her place. When Peggy falls in love with wealthy Randy, May fears class differences may lead to misery.
A bumbling tramp desires to build a home with a young woman, yet is thwarted time and time again by his lack of experience and habit of being in the wrong place at the wrong time..
Carter DeHaven announces that he will perform a series of "impressions." For each we see him applying makeup and changing the combing of his hair or putting on a wig. When he tilts his head down during each supposed makeover, up pops the actual celebrity (Keaton, Lloyd, Arbuckle, Valentino, Fairbanks, Coogan) he appears to have been making himself up as.
At the urging of his wealthy grandfather, Willie O'Donovan is sent to boarding school by his preoccupied parents, neither of whom shows much interest in the lad. At school, where he falls in love with Mary, a country girl, Willie hears that his grandfather has died and left him $50,000,000 to be managed by whomever Willie is living with on his eighteenth birthday. Mr. and Mrs. O'Donovan, who are in the midst of divorce, both hire private detectives to bring Willie back to them, but after a series of close calls, Willie manages to avoid the detectives and take refuge at the home of Mary's mother.
Angered by his son Jack's wild behavior, Mr. Bennett sends him to college on a limited allowance. Jack is engaged to Irma Brentwood, the daughter of his father's partner, however, Irma prefers upper classman Bruce Howard. At Jack's boardinghouse, Jack is kind to orphan Daisy Woods, the much-abused maid, who falls in love with him. After a football victory, Jack's fraternity goes to a burlesque theater, but finds that Howard's fraternity is already there. Following a rough house, Jack's fraternity kidnaps the showgirls for a party.