Today is the day that Ricky looks over the household accounts. Because the accounts aren't in order he cuts off Lucy's charge accounts to teach her a lesson. To cheer Lucy up Ethel invites her to a radio show, Females Are Fabulous hosted by Freddie Filmore.
At the radio show Lucy tries for a change to the win the grand prize $1,000. To qualify she sings "My Bonnie Lies Over the Ocean" while being sprayed in the face with water. Last week's winner had to go over Niagara Falls in a barrel and appears at the show in casts and bandages. Lucy's nervous about what they are going to want her to do. Her task is to introduce a man to her current husband as her long lost first husband. She also has to keep the gimmick going until midnight.
At home Lucy nervously waits for the man from the program to appear.
Meanwhile a bum comes begging at the Mertzes. He tries to go upstairs but Ethel catches him.
The doorbell rings at the Ricardos and the bum is there. Lucy thinks he's the man the radio program sent. The bum plays along stealing things while the Ricardos aren't looking. Lucy tries to explain her first marriage but is very confused.
Ethel comes up to take a peek at the man from the radio show only to see that it is the bum that was at her apartment earlier. Ethel goes after the bum with a rolling pin. Ricky then frisks him, getting back some of the items he stole. Before Lucy has a chance to explain the doorbell rings again. On the other side of the door is Arnold, the real man from the program.
Lucy again tries to explain but Ricky doesn't believe her until Arnold gives her $1,000. Ricky takes the money to pay the bills while Lucy is left with a quarter.