New Art Motion Picture Production Co.

Rich heir Tommy Wu has a circle of friends at university: Chow Hoi-kit and Kong Fan who both come from a poor background, Wong Ying whom Chow secretly admires, and Mary who goes out with Kong over the protests of her rich father. Tommy hangs out with the gangster Ah Kam, gambling and dancing days and nights away.

Wise Wives and Foolish Husbands