Spoiled New York socialite Carol Morgan (Bankhead), romping through the Depression with her lavish lifestyle, breaks off her engagement with Bill Wade (Montgomery) over her refusal to live on his comparatively modest salary rather than her own wealth. To make matters worse, she expresses scorn for his career as an advertising executive. An unplanned sexual encounter seems to resolve their differences until Carol refuses Bill's offer for an expedited wedding at city hall, and again they are unable to come to terms. The impasse ends with Bill leaving her at her opulent home.