Two former WWI aces from opposite sides, Bill Ramsey and Otto Shumann, in the best tradition of Eddie Rickenbacker and the Red Baron, barnstorm their way across the Poverty Row skies of middle-America while competing for daredevil honors and the favors of the lovely Eve.

Mickey Lofton, young half-brother of famed war-aviator Jerry, fails in his attempt to enter the Canadian Air Corps, because of his fear of thunderstorms developed by an incident in his boyhood days. Jerry, now a Captain in the U.S. Department of Justice, is given an assignment to capture some border oil smugglers. Through his friendship with Raoul McGuire, one of the suspects, Jerry is accepted as a member of the gang. Mickey is in love with Raoul's sister, Molly. Gang leader Moran shoots and wounds Raoul, and is himself shot down by Jerry. Mickey flies Molly and her wounded brother to a hospital. Jerry takes off in another plane to guard Mickey's craft from a pursuing airplane, and crashes his plane into the gangster's plane but parachutes to safety.

Alice Kendall is the darling of her social set, the sons and daughters of millionaires, although Alice's mother has impoverished herself to provide Alice with the luxuries she expects as her right. Mom blows what's left of her fortune to provide the best trousseau that money can buy when Alice marries Fred Garlan, and then wishes Fred lots of luck. Now, Alice is trying to coax Fred into buying her a new sable coat while Fred is busily trying to borrow enough money to keep his business afloat.

John et Tilly vivent heureux jusqu'au jour où le père de Tilly découvre le passé scandaleux de la mère de John.
John 和 Tilly 愉快生活直到Tilly父亲发现John“母亲”过去的丑闻...