A rich retiree (Harrison Allen) with two daughters, Phyllis and Gracie, suspects that Phyllis' fiance is after his money. Much to everyones surprise, he decides to deed every cent over to Gracie in an effort to protect his fortune. Unfortunately, Gracie falls under the impression that her father wants the family to think they are poor. So, she immediately sets out to invite a whole slew of out-of-work vaudevillians to come reside at the mansion. Can her friends and family stop the madness or will they all end up begging in the streets?