Phi-Phi is an opérette légère in three acts with music by Henri Christiné and a French libretto by Albert Willemetz and Fabien Solar.
The translation was by Fred Thompson and Clifford Grey, and the score included additional songs by Herman Darewski, Nat Ayer and Cole Porter.
The sculptor Phidias (Phi-Phi) has received a commission to create a group representing 'L’amour et la Vertu fondent le Bonheur Domestique' ('Love and Virtue are the Foundation of Domestic Bliss').
Alone with Le Pirée, secretary and confidant of her husband, Madame Phidias, as a faithful spouse, tells him how she had encountered a handsome young man who has been pursuing her.
Embarrassed, Madame Phidias leaves Le Pirée with the prince; Phi-Phi returns and after trying to sell him some sculptures (and his wife) engages the young man as the model for 'L’Amour'.
Le Pirée having lost money at the races using Phidias’s sculptures as wagers, the models agree to pretend to be the works of art.
When Pericles arrives he demands that Aspasie be included as one of the models for the sculpture – as 'L’Economie' (thrift), and the work will become "L'Amour et la Vertu, aidés par l'Economie, fondent le bonheur conjugal".