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|Red Skelton||Dodo Delwyn|
|Lou Lubin||Little Julie|
|Philip Ober||Ralph Z. Henderson|
|Walter Reed||Joe Hoagley|
|Loring Smith||Benjamin Y. 'Goldie' Goldenson|
|Fay Roope||Doctor Strauss|
|Jane Greer||Paula Henderson|
|Jonathan Cott||Floor Director|
|Steve Forrest||Young Man|
|Eddie Marr||Television Director|
Dodo the Clown is a funny man with a serious drinking problem. His son Dink is amused by Dodo's act, but not so the circus owner who dismisses Dodo for having insulted a paying customer. Dodo also ruins a job audition by turning up drunk.Dink asks if Dodo's old agent, Goldie Goldenson, can help. Goldie recalls the clown's great days from the Ziegfeld Follies so he promises to try. He also gives the boy $50, but Dodo doesn't want charity. Dodo does accept when an associate of Goldie offers a one-night engagement at the Ritz.An enthusiastic Dodo goes to a pawn shop to retrieve his tuxedo plus a watch that Flo Ziegfeld gave him, which he presents to Dink as a gift. At the hotel that night, Goldie doesn't want Dodo performing because the part is that of a stooge, but Dodo goes through with the humiliation on stage.In the audience are ex-wife Paula Henderson and her new husband, Ralph, a successful businessman. Ralph goes backstage, where he says Paula would like to spend some time with her son, whom she abandoned after the divorce.Dodo is given $200 by Ralph and promptly loses it in a dice game, as well as the watch, which he took while Dink was asleep. The game is raided by the police and Goldie must bail him out. The disgrace makes Dodo realize that Dink would be better off with Paula and Ralph, so he makes the boy go live with them.Goldie comes up with a great opportunity for a television show. Dink, unhappy with the Hendersons, is thrilled with Dodo's chance for a comeback, but while performing, Dodo gets dizzy and collapses on stage. When he dies, Dink obediently goes home with his mother.