Harrison Allen, concerned that a gigolo, Ramon del Ramos, is after his daughter, Phyllis, strictly for her money, deeds over his millions to his ditzy daughter, Gracie. Ere long, Gracie disinherits her father, decides to marry the gigolo herself, and gives him all of the money. Before reaching this point, Mr. Allen has called in his lawyer, George Burns, who grows crazy while watching Gracie convert their penthouse into a home for starving actors, and then tearing down the whole structure and building a magnificent theatre where she produces a show called "Gracie Allen's Flop", and utilizes all her down-and-out vaudevillian friends.
—Les Adams <longhorn1939@suddenlink.net>