Ann Schuyler is an upper-crust socialite who bullies her reporter husband into conforming to her highfalutin ways. The husband chafes at the confinement of high society, though, and yearns for a creative outlet. He decides to write a play and collaborates with a fellow reporter.

An auto racer driving through a small town finds himself tangled up in a local political controversy, an election and a mystery that surrounds a supposedly "haunted" car that speeds through town with no driver and disappears before anyone can catch it.

Car racer Burn 'em Up Barnes, son of a wealthy manufacturer, leaves home to make his own way in the world. After being robbed by hoodlums, Barnes joins a group of hobos who take him in and show him the carefree life.

Rufus T. Firefly is named president/dictator of bankrupt Freedonia and declares war on neighboring Sylvania over the love of wealthy Mrs. Teasdale.