Perry Whitman's wild escapades result in his being expelled from college, an event he celebrates by holding a wild party to which he invites the impoverished members of a theatrical troupe. He is disowned by his father and turned adrift with a $100 bill, which he loses. In trying to recover the money he saves a girl from becoming the victim of a matrimonial scheme; she eludes capture by kidnappers and marries him to save her fortune. Thus he wins his father's forgiveness.