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Wealthy young Charles Carpenter is pressured by his family to marry Suzanne, even though he is really in love with young "flapper" Valerie. He gives in to his family's pressure, however, and marries Suzanne, after which Valerie leaves town. Years later, after Charles and Suzanne have had a child, Valerie comes back to town and Charles realizes he is still in love with her, and she with him. Complications ensue.
Alice Kendall is the darling of her social set, the sons and daughters of millionaires, although Alice's mother has impoverished herself to provide Alice with the luxuries she expects as her right. Mom blows what's left of her fortune to provide the best trousseau that money can buy when Alice marries Fred Garlan, and then wishes Fred lots of luck. Now, Alice is trying to coax Fred into buying her a new sable coat while Fred is busily trying to borrow enough money to keep his business afloat.