When Miss Vicki's father dies, she becomes the world's greatest philanthropist. Unfortunately, she is flat broke! Her loyal butler, Claude Fitzwilliam, leads the household staff to rob from various businesses by charging goods to various wealthy people and misdirecting the shipments, all to keep Miss Vicki's standard of living.

In the small town of Crownport local attorney Bill Adams is trying to break up the ring of corrupt town officials by running for mayor. The cards seemed stacked against him when he gets help from a visiting hunter who, unknown to Adams and the rest of the town, is actually vacationing supreme court justice John Josephus Grant.

第一次世界大后，齐格飞富丽秀的女明星范妮.普莱斯（Fanny Brice）在纽约监狱门外等待丈夫尼基.阿恩斯坦（Nicky Arnstein）被释放，此时她回想起两人共同生活的点点滴滴。
范妮是犹太后裔，出身于社会底层，但富有喜剧天赋和表演才华，她投身表演事业，最开始因为容貌不出众而屈才于群舞团，但她的独特魅力逐渐展现，成为颇具影响力的喜剧演员，同时她的动人歌喉使她成为百老汇巨星。她结识了企业家尼基.阿恩斯坦，两人相爱并闪电结婚。范妮的声望与日俱增，但尼基事业遭遇困难，他求助于赌博，但因此债台高筑遭到逮捕。
故事结尾，尼基从监狱出来，两人决定分手，但是范妮知道她将永远爱他。