Told in flashback form, the film traces the rise and fall of a tough, ambitious Hollywood producer, Jonathan Shields, as seen through the eyes of various acquaintances, including a writer, James Lee Bartlow; a star, Georgia Lorrison; and a director, Fred Amiel. He is a hard-driving, ambitious man who ruthlessly uses everyone on the way to becoming one of Hollywood's top movie makers.
The Tramp, a film Johnnie (someone who loiters near theaters or studios to meet stars or get a job), attempts to meet his favorite movie actress at the Keystone Studio, but does not win friends there.
Aspiring actor Joe McDoakes blows his first part at Warner Bros. and has to settle for being a stand-in.
A tour of the Metro-Goldwyn-Mayer Studio in 1925 shows the people who make the movies there, and gives viewers a glimpse at how movies are made.