Jim “Lucky” Moore, an insurance salesman, comes up with a novel policy for his friend, Steve: a ‘love insurance policy’, that will pay out $1-million if Steve does not marry his fiancée, Cynthia. The upcoming marriage is jeopardized by Steve’s ex-girlfriend, Mickey, and Cynthia’s disapproving Aunt Kitty. The policy is underwritten by a nightclub owner, Roscoe, who sends two enforcers – Abbott and Costello – to ensure that the wedding occurs as planned.

An elderly business tycoon, believed to be dying, decides to give a million dollars each to 8 strangers chosen at random from the phone directory. The various segents of this 1932 film were directed by Ernst Lubitsch, Norman Taurog, Stephen Roberts, Norman Z. McLeod, James Cruze, William A. Seiter, and H. Bruce Humberstone. The huge cast includes Richard Bennett, Gary Cooper, W. C. Fields, May Robson, George Raft, Charles Ruggles, Alison Skipworth, Charles Laughton, Mary Boland, Gene Raymond, Frances Dee, Wynne Gibson, Jack Pennick, Jack Oakie, Roscoe Karns, Cecil Cunningham, Grant Mitchell, Clarence Muse, Joyce Compton, Dewey Robinson and Margaret Seddon.

Wealthy Mary Haines is unaware her husband is having an affair with shopgirl Crystal Allen. Sylvia Fowler and Edith Potter discover this from a manicurist and arrange for Mary to hear the gossip. On the train taking her to a Reno divorce Mary meets the Countess and Miriam (in an affair with Fowler’s husband). While they are at Lucy’s dude ranch, Fowler arrives for her own divorce and the Countess meets fifth husband-to-be Buck. Back in New York, Mary’s ex is now unhappily married to Crystal who is already in an affair with Buck.