Needing $150,000 to finish a movie, the film's producers send star Ronald Reagan to New York to ask Milton Berle to furnish the necessary funds as an investment. Milton misunderstands, thinking he has been offering a starring role in Reagan's movie, and arrives at the movie studio completely disrupting production.

Berle's guests are the Andrews Sisters, Gertrude Berg and Arlene McQuade. Molly Goldberg asks Milton to help her provide entertainment for a benefit. His chosen guests, Bobby Sherwood and the Andrews Sisters are reluctant to assist.