Burlesque comic Ralph "Skid" Johnson, and specialty dancer Bonny Lee King, end up together on a cold, rainy night at a train station, after she fails an audition with a vaudeville company and he complains about her treatment by the impresario of the show and is fired.

They decide to team up and apply for work with a much better show on "the big wheel" called the High Steppers Burlesque Company in Milwaukee, Wisconsin, run by Lefty Miller.

Skid is offered a solo part in the Ziegfeld Follies in New York and Bonnie encourages him to take it, but stays behind.

After his success on the big stage he neglects to send for her so after Lefty's show closes, Bonnie travels to New York to see him.

In order to save the show, Lefty sends for Bonnie to help Skid sober up so that he can perform and the two are reunited.