The story begins with a charismatic entertainer and talented dancer, imbued with a pragmatic outlook on life, recounting his romantic and professional encounters to a radio host. His narrative centers around his tumultuous yet enduring friendship with a charming nightclub owner and singer. Their relationship is put to the test when they fall for the same woman, a radiant and accomplished showgirl who becomes the centerpiece of their lives. As they navigate the vibrant world of nightclubs and show business, their friendship is strained by rivalry and ambition, yet underpinned by genuine affection. The setting shifts between post-war America, bustling venues, and intimate backstage moments that reveal the personal trials behind their public personas.

The two men's creative talents lead them to prosper in their respective fields, but their shared affection for the same woman fosters tension. This woman, caught between two compelling personalities, must choose her path, balancing love with her own ambitions. Meanwhile, she deals with her evolving identity as an individual within the broader entertainment world. The narrative unfolds through lively musical numbers and intricate dance routines, which serve to highlight the emotional stakes involved. As the trio's journey progresses, issues of loyalty, dreams, and choices underscore their interactions. The plot advances through a series of ups and downs until reaching pivotal junctures that redefine their relationships and their aspirations.