Three friends, Oliver Quackenbush (Lou Costello), Molly McCarthy (Martha O'Driscoll), and her brother Slats (Bud Abbott) work for the Miramar Ballroom as taxi dancers. Slats plants a phony article in the local newspaper that declares Molly's ambition to raise money to attend Bixby College. The dean of Bixby (Donald Cook) reads the article and offers her a scholarship. She agrees, but only if her two friends can accompany her, so they are hired as caretakers.