Members of an elite New York social register, all parents of
debutante daughters, discuss a forthcoming house party planned at the prestigious Kingsford College. Wealthy debutante Ann van Reichton receives a bit to attend a Kingsford Party, but her mother is horrified upon finding that her date, a young man named Greg, is not a part of the social register. The weekend before the party, student Philip Griswold, the son of a prestigious
Wall Street stockbroker, visits Manhattan with his friends Homer Ten Eyck and Greg Smith. While visiting bars in the city, Philip gets drunk and invites Jane, a
taxi dancer from
Kansas, to attend the party. Jane accepts the offer, though Philip forgets about his invitation. Days later, Philip awaits his girlfriend Carol at the Kingsford train station, and is embarrassed to find Jane has arrived on the same train. Humiliated, Jane nearly returns to the city before Blimpy, a fellow Kingsford student, mistakes her for a member of an elite
Philadelphia social circle, and asks her to be his date to the party. Upon learning that Jane grew up on a farm and is not in fact from an elite background, he rebuffs her. A remorseful Phil asks Jane to stay. Phil and Jane dance together, while Carol dances with Joe, one of the college's poorest students who comes from a
working class family. Carol confesses to Joe that she is dating Phil in hopes of securing financial stability, as her father has recently lost his family fortune. The following morning, Daphne Graves, a cruel and manipulative debutante, talks Phil and Carol into announcing their engagement. The announcement upsets both Jane and Joe, who leave the gathering together. Meanwhile, twenty year-old debutante Betty Ainsbrudge overhears her younger peers making jokes about her being too old to court a husband. Betty responds by attempting to convince a drunken Homer into marrying her. Homer initially agrees, but ultimately refuses after he becomes sober. A despondent Betty commits
suicide by parking her car on railroad tracks, allowing a train to strike her. After the party, Phil's family's reputation is tarnished after his father is indicted for
fraud, humiliating him and forcing him to reconsider his superficial values, ultimately realizing his love for Jane. ==Cast==