Charlie Mason and Rusty Fleming are great reporters on a Chicgo tabloid and romantically involved as well. Despite their skills in obtaining great scoops, they are often irresponsible and immature causing their city editor to resign over their shenanigans. The publisher promotes Charlie to the job based on the premise that only a slacker would be able crack down on other underachievers. His pomposity soon alienates most of his co-workers and causes Rusty to move to New York. Charlie resigns and along with gangster friend Smiles Benson tries to win Rusty back before she marries a stuffy society author.