When the chemical company owned by eccentric Professor Higginbottom files for bankruptcy, the formerly-affluent family loses its income. Levelheaded oldest daughter Lambie struggles to make ends meet but has trouble persuading her carefree, profligate siblings to cut down on their spending. Youngest brother Dick enters a motorcycle race to win $500, but crashes his bike on the speedway and is paralyzed. Shocked into reality by the tragedy, Lambie's younger sister Babs persuades ex-prizefighter Gunboat Bimms to enter the ring one last time in hopes of winning a purse that will pay for Dick's surgery.
Yvonne, daughter of Philibert, a Paris cafe owner, is in love with dreamy, blundering Albert, a waiter, though he pays little attention to her. Philibert plans to marry his daughter to a wealthy Parisian, but upon learning that Albert is to come into a large inheritance, he conspires to place him under a longterm contract, confident that he willingly will pay a forfeit to break it.
Burr and Dave, two close friends who have backed each other up in countless difficulties, are torn apart by the arrival of a woman, Manette, who becomes stranded with them in their cabin during a raging blizzard.
