Molly, her brother, Slats, and his pal, Oliver, are taxi dancers at the Miramar Ballroom. As a publicity stunt, Slats plants an article about Molly claiming her ambition is to earn enough money to attend staid, all-girl Bixby College. Bixby's progressive dean offers Molly a scholarship. Molly accepts on the condition that Slats and Oliver come along too as campus caretakers. But the pompous Chairman threatens to foreclose on the school's mortgage if Molly isn't expelled. Together, the trio, with the help of some new friends, concocts a scheme to raise enough money to save the school. The plan involves a bet on the Bixby basketball team, which is playing in a game rated at 20 to 1 by the local bookie. But the bookie has other plans for their dough and hires a group of ringers to step in for the opponents. All is not lost, at least while Oliver has the chance to turn things around for his friends-one way or another.

By popular consensus, Allan Jones' best Universal mini-musical of the 1940s was the timely When Johnny Comes Marching Home. Jones is cast as war hero Johnny Kovacs, who wearies of the adulation heaped upon him and takes refuge under an assumed name in a theatrical boarding house. Here he befriends orchestra leader Phil Spitalny and his all-girl aggregation, including the inimitable Evelyn and Her Magic Violin. When Army officials trace Johnny to the boarding house, his new friends assume that he's a deserter and try to convince him to return to duty.

An all-girl band under the direction of Phil Spitalny play us a bunch of tunes.