United States Marine Corps Lieutenants and pilots Bill Keller (Douglas Fairbanks, Jr.) and "Toodles" Cooper (Frank McHugh) are shot down in the skies over Nicaragua. When they are found drunk and unharmed in a cantina, they and the Marine Corps go their separate ways. They are offered jobs as commercial pilots, but when they arrive in New York City, they find their would-be employer has gone bankrupt.