Just as real estate agent Frank Benson and his wife, Elaine, decide to divorce, their 19-year-old daughter, Nancy, announces that she and her college boyfriend, David Poe, are going to be married. David's father, Oliver, a cynical rock and roll entrepreneur, vehemently opposes the idea; consequently, when he accidentally finds a copy of the Benson's divorce settlement, Oliver turns the wedding ceremony into a shambles by branding the Bensons as hypocrites. Heartbroken, Nancy and David decide to live together and go on tour with a rock group. Since it is no longer necessary to keep up appearances, Frank moves out of his home and takes up with buxom divorcée Lois Grey, while Elaine finds solace with Phil Fletcher, who is also divorced. When Frank and Elaine learn that Nancy is pregnant and that she intends to follow the advice of Baba Ziba, a Hindu mystic, and give the child up for adoption, they arrange to adopt the baby themselves. Though Nancy and David are unaware of their child's foster parents, Oliver suspects the truth and sets out to expose the Bensons. Desperate, Frank tries to bribe Baba Ziba into persuading Nancy and David to reclaim the baby; when this venture fails, Frank dons the Indian's garments and goes on stage to plead for young people to accept responsibilities. Though Frank is unmasked, Nancy and David are convinced to take their baby back. Frank and Elaine are then reunited, and Oliver marries his longtime mistress, LaVerne.