The wealthy Rodney Langford, who dreams of going on the stage, hopes to fulfil his ambitions by buying a failing revue called 'Raise the Roof', starring Maisie Grey. His father, fearing scandal, bribes amoral actor Atherley Armitage to sabotage the show. But, when all hope seems lost, Maisie comes up with an ingenious idea to try and save the day.

David Compton leaves his expecting French girl-friend Louise Boucher, a dancer at the Moulin Rouge, for the war where he looses his memory. Building a new life from scratch after the war, he gets married in London. Louise, now a mother, thinks him dead. She becomes a famous dancer under the name Deloryse but falls gravely ill. One night, as David is in the audience of her show, he recovers his memory. When she learns that David is married to another woman, Louise turns her son in the care of David's new wife and accepting a dancing job at a party, she dies there of exhaustion and sorrow.

The other side of the screen with noted producers and film stars.

Leslie Brennan, an heiress, suddenly discovers that she is almost penniless, and faces the ordeal of making her own living.

Irving Lawrence owns some of the most decrepit tenements in town and is an all-around bad guy. He won't cooperate with the efforts of his wife, Barbara, to help the poor and sees other women behind her back. Muriel, one of his cast-offs, meets and marries Barbara's brother, Payne. Lawrence makes trouble for Muriel and fabricates a scandal involving his kindly brother Schuyler and Barbara.