Newspaper men compete against each other to find a serial killer dubbed "The Lipstick Killer".
A newspaper publisher, wanting to prove a point about the insufficiency of circumstantial evidence, talks his possible son-in-law Tom into a hoax in an attempt to expose ineptitude of the city's hard-line district attorney. The plan is to have Tom plant clues leading to his arrest for killing a female nightclub dancer. Once Tom is found guilty, he is to reveal the setup and humiliate the DA.
Actress Margaret Elliot is well past her prime but refuses to retire from the acting business. Despite entreaties from both her daughter, Gretchen, and one-time professional colleague Jim Johannsen, Margaret remains convinced that she can regain her former glory. As she sets her sights on a coveted Hollywood role, Johannsen tries doggedly to get his unrequited love to see the folly of her ways.
