The beautiful Cora Jordan (Myrna Loy) will one day inherit her father Calvin's (Henry O'Neill) steel fortune. One day, Cora sets out into the world, intent on finding a man and a job of her own. However, Cora is unable to find work, and quickly realizes the real world isn't as welcoming as she had imagined. But she is cheered up by Bill Overton (Robert Taylor), a charming homeless man. The two share a wild, night drunken night that ends in a way neither of them could have imagined.