The plot centers on Peggy Jones (Joy Hodges) and her boyfriend Phil (Austin Marshall), who needs a raise in order for them to get married.

H. G. Wells wrote enthusiastically about the musical, and Cohan's performance as Roosevelt, in an article "The Fall in America 1937", published in Collier's on January 28, 1938, and reprinted in his World Brain (1938).

The musical is prominently featured in the 1942 Cohan biopic Yankee Doodle Dandy, in which it serves as a narrative bookend.

James Cagney, playing Cohan, after meeting FDR in the Oval Office, performs a joyous tap dance as he walks back down the stairs of the White House.

In the film, we also see Cagney as Cohan performing "Off the Record" during the show's run.