Needing $150,000 to finish a movie, the film's producers send star Ronald Reagan to New York to ask Milton Berle to furnish the necessary funds as an investment. Milton misunderstands, thinking he has been offering a starring role in Reagan's movie, and arrives at the movie studio completely disrupting production.

Berle's guests are the Andrews Sisters, Gertrude Berg and Arlene McQuade. Molly Goldberg asks Milton to help her provide entertainment for a benefit. His chosen guests, Bobby Sherwood and the Andrews Sisters are reluctant to assist.

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In this color telecast from Nellis Air Force Base near Las Vegas, NV, Milton welcomes dancers The Step Brothers, French singer/actress Denise Darcel, actress Zsa Zsa Gabor, acrobatic act the Seven Ashtons, the Copa Girls from the Sands Hotel, and Ray Anthony and his Orchestra.