Dress designer Joan Wood, who's heavily in debt, has created costumes for a Broadway show that is exported to Argentina. With the money she wants to pay her debts, but there was a mistake: she is receiving the money in Buenos Aires, not in New York. Her friend Wally Wendell, whose grandfather does not approve of his relationship with her, wants him to marry a girl he hasn't seen for some years named Constance Cook, whose grandfather is the owner of a ship traveling to Buenos Aires and Constance is one of the passengers. Wally's friend Basil has caused a freak accident with Voltair McGuines' cab, who wants his money for the damage. Basil asks Wally, but he has been disinherited and lost all credit by his grandfather, because he still wants Joan.
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