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Inez Laranotta (Anna Q. Nilsson) is an actress who is notorious for her vamp roles and for the wild parties she attends. But images are deceiving -- the parties (and police raids) are staged by Inez's press agent (Harry Depp), and she is actually very devoted to her innocent younger sister, Fay Bartholdi (the lovely young Mary Astor). One of Inez's many suitors is millionaire Stewart Cuyler (Lewis Stone), who grows tired of her games and leaves her. He meets up with Fay, and a romance blossoms. Inez discovers it and rushes to New York because she believes Cuyler's motives are not honorable. It turns out that the millionaire really wants to marry Fay. The overprotective Inez reluctantly backs off so that Fay can live her own life. She finds consolation in her manager, Pat Summerfield (Laurence Wheat), who declares his love for her and calls her "the best woman in Hollywood."