Carolyn Martin is a fashion model who hastily marries her boyfriend, engineer Michael Martin. But part of the marriage arrangement requires that Carolyn quit her $50-per-week modeling job to be a full-time housewife; the couple will instead live on Michael’s $35-per-week job.

A gang of teenage delinquents terrorize a small community by stealing cars and stripping them for parts, then selling the parts to a crooked junkyard owner. The police and an insurance company investigator set out to break up the gang.

Set in an apartment building whose occupants include Arthur Earthleigh, a meek and mild type married to the beautiful-but-domineering Mae; a Bohemian artist, David Galleo and his always-there model, Deborah Tyler; and Olive Jensen, a Greenwich Village type who is always slightly-but-continuously inebriated, and whose motto is "love and let love." She calls on George while his wife is out, and when she passes out during his attempts to get her out before his wife returns, he thinks she is dead and deposits her on Galleo's terrace. Galleo takes advantage of the situation by using it in a blackmail scheme against Arthur, which is shaky, at best, as Olive refuses to stay dead.