The film follows a group of students at fictional Winfield College who butt heads with their faculty advisor while producing an annual stage show. They decide to enlist help from a former student Chuck Daly (Dick Powell), who is now a big Broadway producer, to direct their show. What they don't know is that Daly's last three shows were big flops. Inevitably, Daly and students clash with the stodgy professor. After some turn of events and plot twists, the production is finally mounted in New York City with great success. Daly's reputation is rehabilitated.