The life of comedienne Fannie Brice, from her early days in the Jewish slums of the Lower East Side, to the height of her career with the Ziegfeld Follies, including her marriage to and eventual divorce from her first husband, Nick Arnstein.

Barbara Graham is a woman with dubious moral standards, often a guest in seedy bars. She has been sentenced for some petty crimes. Two men she knows murder an older woman. When they get caught they start to think that Barbara has helped the police arresting them. As a revenge they tell the police that Barbara is the murderer.

Phaedra is a poor sponge diver on the lovely Greek isle of Hydra. While diving, she discovers an ancient brass and gold stature of a boy riding a dolphin, which is said to have the magical power to grant wishes. Her shiftless boyfriend wants to sell it to an unscrupulous art collector, but Phaedra wants to give it to anthropologist Jim Calder, who would return it to the Greek government.