With unpaid actors and staff, the stage show Phantom Sweetheart seems doomed. To complicate matters, the box office takings have been robbed and the leading lady refuses to appear. Can the show be saved?
Mississippi, 1830's. Tom Rumsford comes back to Magnolia Landing, his parents'estate. Having been brought up in the North by Quaker relatives, he just hates violence and accordingly refuses a duel. As this is the only way in the South to settle a dispute between gentlemen, Tom's father is so infuriated by his behavior that Tom has no other choice but leave. Away from Magnolia Landing, Tom learns bravery and returns seven years later as "the notorious Colonel Blake", the terror of the Lower Mississippi.
In a cantina across the border, Bob Hamlin shoots a man that threatens his friend. He and his pals escape but return that night for the dance as Bob is attracted to Conchita. Running once more from the Rurales, Bob takes Conchita. They escape again only to find themselves pinned down when Buck and his gang of horse thieves attack.
The vaudeville act of Harriet and Queenie Mahoney comes to Broadway, where their friend Eddie Kerns needs them for his number in one of Francis Zanfield's shows. When Eddie meets Queenie, he soon falls in love with her—but she is already being courted by Jock Warriner, a member of New York high society. Queenie eventually recognizes that, to Jock, she is nothing more than a toy, and that Eddie is in love with her.
Six friends, all hoping to become aviators, are to graduate the next day from the United States Naval Academy. When the officer of the day becomes sick, Tommy Winslow has to take his place, while the others go out and celebrate.
Childhood friends Diana, Neville and David are caught in a love triangle as adults. Diana and Neville have long been smitten with each other, but her father disapproves of the relationship, resulting in her eventual marriage to David. It's not long after their wedding, however, that tragedy strikes, sending Diana on a downward spiral. When Neville reappears in her life, will he be able to save her from her own misery?
Tasia (Dolores del Río), a beautiful dancer lower class of Russia, falls heir to the throne Prince, Grand Duke Eugene (Charles Farrell), but only admired from a distance. At the outbreak of the Russian Revolution, the Duke falls in captivity and this allows Tasia be near him.
In France during World War I, a charming farm girl keeps a squadron of English pilots in good spirits as best as she can. She falls for a handsome newcomer who is already engaged.
When Letty Mason relocates to West Texas, she finds herself unsettled by the ever-present wind and sand. Arriving at her new home at the ranch of her cousin, Beverly, she receives a surprisingly cold welcome from his wife, Cora. Soon tensions in the family and unwanted attention from a trio of suitors leave Letty increasingly disturbed.
Two lonely people in the big city meet and enjoy the thrills of an amusement park, only to lose each other in the crowd after spending a great day together. Will they ever see each other again?
In the final days of Czarist Russia, a peasant is raised from the ranks to Lieutenant. The other officers, aristocrats all, resent him, and make his life difficult. He falls in love with a princess, who spurns him. When he is caught in her room, he is stripped of his rank and thrown into prison. Then comes the Red Terror, and the tables are turned.