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Scott Raymond, a down-and-out British stage producer, is trying to raise £5,000 to put on a new play. At his club he overhears psychiatrist Malcolm Nettel claim that he could hypnotize an expectant mother into producing a perfect baby. Seeing the chance to make some easy money, Scott needles the doctor into wagering £5,000 to back up his theory. Scott then persuades a struggling young actress, Mary Kirk, to pose as a pregnant woman and become Nettel's patient. Nettel accepts her as an ideal subject and begins his psychiatric treatment. Doctor and patient fall in love; and when Nettel is publicly ridiculed because of his theory, Mary decides to help him by actually becoming pregnant. She gets drunk, marches into Scott's flat, and demands that he have sex with her. The unexpected arrivals of both Nettel and Scott's fiancée, Laurel Clive, lead to confessions by one and all. Mary and the doctor decide to marry and start their experiment anew.