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Millionaire Tod Newton takes his friends on a slumming trip to a burlesque show and finds himself attracted to Janie Barlow, one of the strippers. When the place is raided, Tod bails the broke Janie out, but she accepts the money only as a loan. That same night, Tod also send her fifty dollars to buy herself a dress "without a zipper." She decides to move uptown and try out for a new show directed by Patch Gallagher, but when she can't get past the doorman, and even following Patch everywhere won't help, Tod again comes to her rescue by secretly arranging to back the show on condition that Patch hire Janie for the chorus. Patch doesn't want anything to do with a rich man's girl friend, but when he sees how well Janie dances, he places her in the front row. Soon Tod proposes and Janie accepts, but only if the show fails. Meanwhile, Patch has realized that neither his show nor his star, Vivian Warner, is right, so he gives Janie the lead of the new version. Although Patch and Janie are attracted to each other, Janie decides to go away with Tod when he secretly withdraws his backing and rehearsals stop. While they are away, Patch uses his own money for the show. When Janie returns and discovers Tod's deception, she begs Patch to take her back. On opening night, Janie is a big hit in her numbers with Fred Astaire and Nelson Eddy, and Tod realizes that Broadway, not Park Avenue should be Janie's address. Patch and Janie also realize that they are more than star and director.