This is a minor variation on the story of the Boy Who Cried Wolf where Oswald the Lucky Rabbit tends a couple of lambs who tease him by crying 'Wolf! Wolf!' until the real article shows up.
The owner of a large mansion in the country throws a costume party for some of his friends. However, the party turns sour when he is found stabbed to death in a closet.
Hollywood is a town that holds many memories of the movie business and the movies themselves, which has resulted in a town brimming with possibilities and wealth.
After having been swindled out of all their money by a crooked business manager, formerly wealthy socialites Jerry and Carol discover that they owe their chauffeur and maid back wages they are unable to pay.