In Panama, Maggie King meets soldier Skid Johnson on his last day in the army and reluctantly agrees to a date to celebrate. The two become involved in a nightclub brawl which causes Maggie to miss her ship back to the States. Now stranded, she's forced to move in with Skid and his pal Harry. She soon falls in love with Skid. Skid gets a job playing the trumpet at a local club and becomes a big success. Fame and fortune go to his head which eventually destroys his relationship with Maggie and his career.
Bonny Kane and 'Skid' Johnson are vaudeville performers in the 1920s. The two of them suffer marital difficulties when Skid gets an offer to appear on Broadway while Bonny gets left behind on the road. Things get worse with Skid's increasing drinking problem and the fact that the press has reported him to be spending a lot of time with his pretty co-star.
Gardoni, a down-on-his-luck vaudeville performer, is taken in by a fellow performer, a clown who has a bicycle riding act. Gardoni shows his appreciation by stealing the clown's act and his girlfriend, whom he marries.
