Wealthy young David Morgan marries poor Lucille Spencer. His father, outraged by the marriage, disinherits him. David soon becomes disillusioned with married life, and meets a beautiful and seductive actress, Alma Lathrop. He falls for Alma's obvious charms, and visits her aboard her yacht. It's there that he meets Alma's secret and longtime lover, who has in fact given her the yacht--it's David's father, James! Complications ensue.