Louie Amendola (Jimmy Durante), once a vaudeville performer with his wife and daughter, hasn't been getting any work, and, as Christmas approaches, his family is homeless. They find a room at Frank Dingle's (Frank Orth) house, but don't know how they'll pay the rent. Then the money Frank's been hiding in the ceiling above their apartment lands in the Amendolas' hands when a crafty squirrel heaves it out of its hiding space, causing more complications within the household.