Billy tries to call Lucille on the telephone, but she refuses to answer. Flora, Winnie, and Betty tempt him to spend time with them instead ("Telephone Girlie"). Lucille, finding herself alone, realizes that she misses Billy, and nothing else can make her feel better ("Where-Has-My-Hubby-Gone Blues"). The truth begins to emerge as Lucille realizes that Billy cannot be the benefactor of the three girls; he never has any money to spend because Lucille spends it all! Jimmy finally pays off the ladies, and finally the truth comes out: Billy has not been cheating on Lucille, and though Jimmy has been spending his money on the three girls, it is strictly platonic.