Mitch and Judy are out-of-work beatniks in need of money. At a party held by one of Mitch's friends Bruce, Judy meets an older man named Kenneth. Kenneth is not a beatnik, but he likes to attend their parties. He asks Judy on a date. Mitch encourages Judy to date Kenneth because he seems to have money. Kenneth gives Judy a diamond bracelet which Mitch takes and tries to sell to a jeweler. The jeweler has Mitch arrested. It seems that the bracelet Kenneth gave to Judy was in fact stolen. With Mitch in prison, Kenneth who is actually a beatnik-hater stabs Judy to death in her apartment.