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Chick Parker, songwriter for Century Music Company, leaves for Hollywood with shipping clerk-turned-lyricist Pete Pendleton following the sale of their song "I Wanna Meander with Miranda." Chick gambles all of Pete's money away, forcing the duo to hitchhike West.  They are picked up by senile George Wilson, the ex-partner of Jules Clark, who is the president of Acme Pictures.  Wilson impersonates Clark and gives Pete and Chick a bad check when he hires them.

At a diner, Pete and Chick meet proprietor Dorothy and her little brother Buzz, who join them in their cheap Hollywood bungalow.  By impersonating his agent and landlord Tannenbaum, Chick gets an appointment with the real Clark.  While Pete and Chick audition, temperamental actress Gloria Duval falls in love with Chick's song "Blonde, Blasé and Beautiful" and demands that he write for her next picture.  Gloria vamps Chick, then convinces him that Pete is holding him back.  Chick says goodbye to the ever-devoted Pete the night he and Dorothy throw Chick a birthday party.

Although originally smitten with Chick, Dorothy now begins to fall for Pete.  Clark then fires Chick for distracting Gloria and Pete defends him, then quits himself.  When Gloria realizes Chick is broke, she deserts him.  Pete visits Chick as movers take away his furniture and asks for a reunion.  They get drunk at a bar with director Norman Lubin, who invites them to perform at a Hollywood party.  At the end of the evening, they sign a contract with Mr.  Vinton of Superba Pictures, whose next film stars Dorothy, who marries Pete.