In the midst of the Jazz Age, two friends wrestle with love and liberation. Diana (Joan Crawford) has a flamboyant personality that masks a sweet nature, while Ann (Anita Page) is outwardly reserved, but coldly manipulative on the inside. When Diana sets her sights on the rich, debonair Ben (Johnny Mack Brown), Ann gets competitive, and successfully steals Ben away from her. It's only after they've married that Ben realizes what a cruel person Ann is, and that his heart really belongs to Diana.