Doughnuts and Society: Kate Flannagan and Belle Dugan operate a downtown coffee shop and, while dispensing their locally-famous doughnuts, engage in their favorite pastime, friendly quarreling between themselves. This changes when Belle suddenly becomes heir to a small fortune which allows her to crash high-society and make her daughter,Joan, a débutante. This creates a rift between the two former partners, with the result that the proud Kate refuses to accept her friend's good fortune nor allow her son, Jerry, who is in love with Joan, to do so.