This lurid pre-coder is about the use of "party girls" in big business. The idea is that business men are wined and dined at wild parties where there are available girls.
Douglas Fairbanks, Jr. stars as a college boy who attends a party and is picked up by evil Leeda (Judith Barrie). Next morning she pretends she has been "wronged" and what's he gonna do about it? The sap marries her only to discover that she wants a business deal for her real boy friend in order to Fairbanks to divorce her. What a tramp! His dad's secretary (Jeanette Loff, who sings a couple songs), a reformed "party girl," is heartbroken and so returns to the party circuit only to get caught in a police raid.
This is a pretty racy film even for 1930. There's once scene where the girls fill a fountain with perfume and then the guys grab Marie Prevost (who does NOT get billing in this film for some reason), strip here and bathe her in the fountain while everyone watches.
The acting is just awful, with Fairbanks and Barrie turning in hideous performances, but the film is so suggestive and trampy, it's impossible not to watch.
John St. Polis the father, Almeda Fowler (don't call me madam!) is the madam, Louise Carver is the masseuse, and Lucien Prival is Newcast.
On the plus side, the music is quite good, and there that freight elevator that keeps delivering cars into the party living room!