During the Great Depression, Godfrey "Smith" Parke (William Powell) is living alongside other men down on their luck at a city dump on the East River near the 59th Street Bridge. One night, spoiled socialite Cornelia Bullock (Gail Patrick) offers him five dollars to be her "forgotten man" for a scavenger hunt. Annoyed, he advances on her, causing her to retreat and fall on a pile of ashes. She leaves in a fury, much to the glee of her younger sister, Irene (Carole Lombard). After talking with her, Godfrey finds her to be kind, if a bit scatter-brained. He offers to go with Irene to help her beat Cornelia.