Charles Engle (John Qualen) has been caught embezzling. He writes a suicide note, and goes out wandering on the town. Small-time hustler Bill O'Brian (Douglas Fairbanks Jr.) sees him give a couple of big tips, figures he's rich, and plans to take him over to a big-time card game and fleece him. He enlists Nina Barone (Rita Hayworth) to help get Engle to the game. She goes along, but is more interested in O'Brien than in his schemes. Meanwhile, a perpetually drunk and none too successful playwright, Gene Gibbons (Thomas Mitchell), finds the suicide note. He cooks up a scheme (with the reluctant aid of O'Brien) to get the money Engle needs to pay back his employer and save his life.
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