Plot: The dancer and gambler Lucky Garnett misses his wedding with Margaret Watson due to a prank of the other performers and his future father-in-law calls off the ceremony. When Lucky arrives at his fiancée's home, he promises to make US$ 25,000 to be allowed to marry her. Lucky travels to New York by train with his friend and magician Pop Cardetti and he stumbles with the dance instructor Penny Carroll on the streets of the big city. He follows her to the dance academy and they team-up in the end. When they are ready to dance together in an elegant club, Penny's former affair and conductor of the orchestra Ricky Romero (Georges Metaxa) refuses to play for them. Meanwhile Lucky wins lots of money gambling and Penny falls in love with him. Lucky decides to stop gambling in order to NOT raise US$ 25,000. But when Margaret arrives in the club to see his show, Lucky has to take a decision about his previous commitment with Margaret and his true love with Penny.
Alternative Plot: Dexterous and risk-taking Lucky Garnett (Fred Astaire) pursues dancing and gambling with equal verve. Engaged to the pretty Margaret Watson (Betty Furness), Lucky gets pre-wedding nerves, which leads to the ceremony being called off. Margaret's father decides that Lucky can have a second chance at marrying her if he can make $25,000, so he heads to New York City to seek his fortune. When Lucky meets the beautiful dance teacher Penny Carroll (Ginger Rogers), however, his priorities soon change.
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