In this drama, a traveling troupe of actors find themselves in danger of becoming unemployed when their manager up and leaves. Two of the actors decide to marry and settle down. The lead actor helps set up the rest of the troupe with some performances. He then destroys the new marriage. Later the woman and the head actor fall in love. He then gives her the lead role in his newest show.

Joe Lane, radio entertainer and songwriter, learns that the manager of the studio, Arthur Phillips, has made improper advances to his wife, Katherine. Infuriated, Lane engages him in a fight, and the encounter results in Phillips' accidental death. Joe goes to prison for a few years, and when he is released he visits his son, Little Pal, at school and is begged by him to run away together.

After years of hopeful struggle, waiter and aspiring singer-songwriter Al Stone is on his way. He gets his huge break on a magical night when his song wows big-time producer Louis Marcus and gold-digging showgirl Molly, whom Al fancies. Broadway success and marriage follow, but sure enough, hard times are on the way.