Barney Hopkins is producing a new show on Broadway, but the day before it opens, the set and costumes are confiscated due to unpaid bills. Everybody is sitting in the street, and due to the Depression, there is no work for the three chorus girls Carol, Trixie and Polly. But they hear rumors that Barney is producing a new show. They talk to him, and he promises to give them work - when he finds a backer to produce the new show. Barney hears the tunes of the composer next door, Brad Roberts, Polly's friend. Brad joins them and agrees to back the show. On opening night Brad takes over for the juvenile lead, who is suffering from lumbago. Brad has been very publicity-shy, because he is a member of an upper-class wealthy Boston family. When his family hears what he is doing, his brother Lawrence and the family attorney Peabody come to New York, to end his relationship with Polly. But Lawrence mistakes Carol for Polly, who does not correct his mistake. Lawrence decides to separate Polly and Brad by getting Polly to fall in love with him. But soon Lawrence realizes that he is really in love with that chorus girl.