Dozens of star and character-actor cameos and a message about the Variety Club (a show-business charity) are woven into a framework about two hopeful young ladies who come to Hollywood, exchange identities, and cause comic confusion (with slapstick interludes) throughout the Paramount studio.

Caxton has broken out of prison and Eddie has been sent to bring him in. Caxton is known by the polka dot band on his hat and Eddie has Soapy wear one like it. This gets Soapy arrested as soon as he rides into town but it leads Eddie to Varney and he realizes Varney will lead him to Caxton.