A group of lodgers - Major Rayne, Nanette ("Nan") and "Pinkie" Pinkerton - staying at the Kensington apartment of Dame Beatrice, an elderly philanthropist, are bored with their humdrum, restricted lives. Lily, Dame Bea's beautiful, young housekeeper, overhears an argument between their neighbours, the Spanagers. When Mrs. Spanager rejects her husband's gift of a mink coat due to his lies about his business trip, he pretends to throw the coat off their balcony, but actually just hides it. Lily snags it and gives it to her employer to show her gratitude for hiring her despite her criminal record. Dame Beatrice is at first delighted, but then assumes Lily has stolen it. She and the lodgers concoct a scheme to return the fur coat before its owners realize its absence. Despite several comical mishaps, the gang manage to do so using a plan drawn up by the retired Major. The four are so exhilarated by their escapade, they decide to steal more furs, presuming that intricacies of theft should prove no more difficult than was the return of the Spanagers' fur, with all the proceeds of their exploits being donated to Charitable organization.
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