Scott Heyward is the son of a rich oilman. He decides to leave so he can discover life for himself. He runs into Tom Wilson, a water-skiing instructor who has no luck with the women. Tom offers to switch places with Scott so they can have a taste of what life is like in each other’s shoes. Scott goes to work teaching water skiing for a Miami hotel, while Tom has fun pretending he is rich. Scott is taken with Dianne Carter, who is searching for a rich guy to snag. She decides to make a play for James J. Jamison III, owner of a pajama company and a boat-racing champion. Scott agrees to help her land Jamison, but in the process falls for her.