Infamous burglar "The Bat" commits a daring jewelry theft despite heavy police presence. Soon after, a bank theft occurs, which may be the work of the criminal as well. Meanwhile, Cornelia Van Gorder has various people arrive at her old mansion, including her niece, Dale, a bank employee, and police detective Anderson. When guests start turning up dead, Cornelia begins to suspect that The Bat may be lurking around the estate.

Though billed second, the stunningly beautiful Louise Brooks is the focal point of the campus comedy Rolled Stockings. It's the old one about two collegiate brothers, Jim and Ralph Treadway (James Hall, Richard Arlen), in love with the same girl, Carol Fleming (Brooks).

After breaking a mirror in his home, superstitious Max tries to avoid situations which could bring bad luck, but in doing so causes himself the worst luck imaginable.

Whispering Smith, a railroad detective, is sent to Medicine Bend to suppress the looting of cars.

Chief of Police Ivorytop and Chief of Detectives Sherlock Bonehead, of Rottenport, fall in love with Helen, a girl from the city

Horace Clark, a young evangelist, first thrashes and then reforms Tim Downs, a drunkard and a gangster. Horace wins the gratitude of Tim and his wife, when he saves their children from death. The gang, angry at having lost its leader, plans to waylay the evangelist.

In leaving his boarding house to attend a New Year's celebration given by Elizabeth, his sweetheart. Lawrence loses his invitation to the affair. Elizabeth receives a valuable necklace from her father. That night, the girl promised to marry Lawrence. As Lawrence takes Elizabeth in his arms, her necklace becomes entangled in his cuff link. The boy disengages the jewel and places it on the table. Shortly afterward, both leave the room. Elizabeth misses her necklace after Lawrence has gone home. Her father suspects Lawrence of having stolen it.