The Narrator tells us how the radio influenced his childhood in the days before TV. In the New York City of the late 1930s to the New Year's Eve 1944, this coming-of-age tale mixes the narrator's experiences with contemporary anecdotes and urban legends of the radio stars.

In 1948, aspiring songwriter Tony works as a bar pianist; he meets aspiring star Lola, and is immediately smitten. At Manhattan's Copacabana lounge, they both start finding fame. However, fate steps in and she is swept to Havana to work in a splashy nightclub act where she is convinced she will find her stardom. Instead, she finds Rico, a suave gangster and the club owner.

Four socialites unexpectedly clash: heiress Brooke Carter runs into gambler Johnny Spanish at the race track while playboy Michael O. Pritchard nearly runs into stage star Kitty O'Kelly with his car. Backstage at Kitty's show, it turns out she and Brooke are old friends who attended public school together. The foursome do the town, accompanied by Brooke's companion Elizabeth, who throws herself at Michael's butler and chauffeur Rodney James.