Tait College is still caught up in the social scene of the Roaring Twenties, and star football player Tom Marlowe is expected to lead the football team to victory ("Good News"). All the sorority girls are crazy about Tom ("He's a Ladies' Man"), but he's off limits since he is currently romancing Patricia Bingham, whose father is of one of the college's wealthiest benefactors. The football team, under the guidance of superstitious team trainer Pooch Kearney, is on the practice field getting ready for Saturday's Big Game against archrival Colton College ("The Football Drill"). Meanwhile, Bobby Randall, a substitute on the football team, is pleasantly shocked when Babe O'Day, a stylish flapper, pursues him. Babe has broken up with hulking Beef Saunders, her old boyfriend, and is looking for a new man ("Button Up Your Overcoat").