Peep O'Day, an orphan in a small Kentucky town, falls heir to a small fortune and begins to make up for all the lost pleasure of childhood, but Sublette, a crooked attorney, arranges for an eastern belle to show up as Peep's "niece" to steal his fortune.

John Smith inherits two million dollars from his wealthy aunt on the condition that he divorce his wife Lucille, a former vaudeville performer. In order to qualify for his inheritance, John concocts the idea of divorcing his wife and then remarrying her.