A stage-struck young woman becomes an heiress, and hopes to use her new-found wealth to fulfill a fantasy.

A shipowner intends to scuttle his ship on its last voyage to get the insurance money. Charlie, a tramp in love with the owner's daughter, is grabbed by the captain and promises to help him shanghai some seamen. The daughter stows away to follow Charlie. Charlie assists in the galley and attempts to serve food during a gale.

Charlie is released from prison and immediately swindled by a fake parson. A fellow ex-convict convinces Charlie to help burglarize a house, but Edna, the house's owner, catches them and calls the police. Charlie, however, manages to charm his way out of trouble .... at least for the moment.