Joe Anton (Raft) is a speakeasy owner who falls in love with socialite Miss Healy (Cummings). He takes lessons in high-class mannerisms from Mabel Jellyman (Skipworth). Joe does not know that Miss Healy only pays attention to him because he lives in the elegant building that her family lost in the Wall Street Crash of 1929. After a risky encounter with his old flame Iris Dawn (Gibson) involving a gun, Miss Healy kisses him. Joe is ready to marry her, but she's engaged to her friend Mr. Bolton, although admits she's just marrying him for his money.
Infuriated at her gold digging, Joe tears into her, before leaving to pursue Iris instead. Miss Healy follows him back to the speakeasy to tell him off, but she realizes that she has genuinely fallen in love with him. Meanwhile, Maudie Triplett (West) befriends Mrs. Jellyman and offers to hire her as a hostess in one of her elegant beauty parlors.