The exclusive Boydell family, members of the "400" set, suddenly became owners of two nightclubs; the father, Henry Boydell, comes into one, "The Silver Spoon," as the payment of a business debt and keeps his new enterprise a secret from his wife,Laura. But Laura has a secret of her own. The persuasive Count Castelli has sold her a bill of goods which turns out to be the "Coconut Beach," a notorious hot-spot in town. Their daughter, Peggy, is kept in the dark by both parents but her boyfriend, Jack Kent, stumbles across the father's secret and uses it as a wedge to get himself a job as the Master of Ceremonies at the "Silver Spoon." Both clubs are next-door to each other and there isn't enough patronage for both clubs. Something has to give.