The story follows the son of a millionaire from the 1920s to the 1960s. After losing his fortune in the stock-exchange crash, he teams up with an equestrienne and becomes a circus clown.
A scatterbrained heiress opens her home to a succession of unemployed actors and vaudeville performers, then decides to produce her own show, much to the consternation of her father, her sister and her sister's boyfriend, who is actually after the young girl's money.
