Cuban Bandleader Ricky Ricardo would be happy if his wife Lucy would just be a housewife. Instead she tries constantly to perform at the Tropicana where he works, and make life comically frantic in the apartment building they share with landlords Fred and Ethel Mertz, who also happen to be their best friends.

An honest guy gets trapped into the world of horse racing and his once prosperous life becomes a downward spiral into the underworld.