A Theatrical Company is facing bankruptcy while being stuck in a hostile town, miles from home, in a hotel where they are already well in arrears in payment of their bills. The whole plot revolves around the troupe having to work in order to compensate the Hotel owner.

Lucky is tricked into missing his own wedding to Margaret and has to make $25,000 so her father will allow him to marry her. He and business partner Pop go to New York where they run into dancing instructor Penny. She and Lucky form a successful dance partnership, but romance is blighted by his old attachment to Margaret and hers for Ricky.