A woman renounces wealth in marrying a poor painter but separates from him when he is seduced by commercial success.
Hunting Julie (Rosalind Russell) falls from her jumping horse onto the easel of painter Bob Graham (Robert Montgomery). Julie weds Bob as he warns her he is poor. Julie throws away her purse, and Bob shows her his attic. Oscar (Robert Benchley) comes in and passes out. Bob puts him in the hall. Jerry Crump (Mickey Rooney) comes in, and Bob throws his baseball through the window. Mrs. Crump makes Bob bring in Oscar, and Bob erects a screen. Bob, Julie, and Oscar manage to get more groceries on credit. Julie gets a check for $2,000 from Uncle Albert, and Bob frames it for a dart board. Lily (Helen Vinson) calls on Julie and meets Oscar. Bob comes in after his paintings were rejected. Bob paints in the park; sailors argue over his picture and cause a riot, generating publicity. Julie identifies a phony gallery operator as press, and Bob and Oscar throw out several reporters. Gallery owner Charles C. Bawltitude (Monty Woolley) is doused with water, has his tie snipped, and his beard pulled until Julie realizes he is Bawltitude.
Bawltitude displays Bob's paintings in a show, and they are acclaimed. Julie asks Bob to snip ties, but Lily tells him he will paint bankers. Julie tells Oscar that Bob won't change; but Bob shows her a spacious apartment, and Lily arrives with drapers. Bob paints a portrait while Oscar and Julie mock the butler. Lily brings in Palmiston (E. E. Clive), who asks Bob to paint his champion horse. Mrs. Colfax-Baxter complains to Bob about her portrait. Professor Fraum brings a student to meet Bob, who declines to speak to the class. Julie argues with Bob and Lily and paints black on the flattering Colfax portrait. Julie asks Bob for a divorce and leaves as Bob drinks champagne with Lily.
At a steam-bath Bawltitude tells Bob he has sold out his art. In a cab Lily praises Bob. Bob sees a boy selling flowers and takes him home to paint him; but he gives up and pays him off. Lily calls on Julie to tell her to keep her out of the divorce. Oscar visits Bob, who asks about Julie. Oscar tells Bob that Julie said he can't paint anymore. Bob goes to Fraum's class and warns them about the lure of money. Bob and Julie meet at his old attic. In the final scene Bob, Julie, and Oscar take Bob's painting of the horse to Bawltitude. Palmiston comes in and accuses them of stealing it and snipping his suspenders. They cause Palmiston to fall through the painting.
This comedy deals with the conflict between making economic sacrifices for artistic integrity versus selling one's talent for commercial gain by catering to the wealthy. The wife fighting for the former against the artist's indulgence in the latter provides the dramatic reversal.