Ted (Chester Morris), Jerry (Norma Shearer), Paul (Conrad Nagel), and Dorothy (Judith Wood) are part of the New York in-crowd. Jerry's decision to marry Ted crushes Paul. He gets drunk and is involved in an accident that leaves Dorothy's face disfigured. Out of pity, Paul marries Dorothy. Ted and Jerry have been married for three years when she discovers that he had a brief affair with another woman — and when she confronts him on their third anniversary, he tells her it did not "mean a thing." Upset, and with Ted out on a business trip, Jerry spends the night with his best friend, Don. Upon Ted's return, she tells him that she "balanced [their] accounts," withholding Don's name.