Tomboy socialite Theodora Hayden, known to friends as "Teddy," is an amateur aviatrix and racing car enthusiast. Relishing her freedom, Teddy spurns lawyer Gerry Rhinelander West, her childhood sweetheart, and runs away to Greenwich Village. There she meets model Ruby Joyce and Ruby's lover, boxer "Gunboat" Dorgan. She becomes the student of portraitist Raoul Uhlan, who tries to make love to her. Infuriated by the artist's audacity, Teddy has him beaten by Gunboat, who misinterprets her gratitude. Gunboat kisses Teddy, who repulses him, then borrows her car and strikes another auto. After tracing the car to its owner through the license plate number, the driver of the injured vehicle sues Teddy. Raoul then sues Teddy for injuries inflicted by Gunboat; and Ruby sues her for alienation of Gunboat's affection. When her family refuses to help her, Teddy turns to Gerry, who settles the suits and wins her hand.