Ladies' man and amateur crime solver Gay Laurence (George Sanders), the "Gay Falcon", reluctantly agrees to give up both habits to mollify his fiancée, Elinor Benford (Nina Vale). He and his uncouth sidekick, Jonathan "Goldie" Locke (Allen Jenkins), become unenthusiastic stockbrokers. When Elinor asks him to attend a party given by Maxine Wood (Gladys Cooper) to mingle with potential clients, he refuses to go to that much trouble.