Grace Peterson works in department stores "Tutto per Tutti", along with many other young people. His employment contract entitling them to live in a boarding house built specifically for them by the company but on the other hand, forbid them not fall in love or marry under threat of dismissal.
Capitalizing on the famous radio 'feud' between comedians Jack Benny and Fred Allen. The two stars play versions of themselves, constantly at each other's throats due to real and imagined slights.
A gang of urban street kids and a club of suburban would-be federal agents, at first rivals, join forces to rescue the father of one of the kids, the inventor of a super-explosive and its remote detonator, from the clutches of a band of foreign subversives call the "Flaming Torch Gang".
A dizzy young woman aranges to turn her inventor-boyfriend's vacation into a chance meeting with a possible investor who happens to be her brother's future father-in-law.