Fluffy musical nonsense about romantic entanglements among the rich of two generations (and soon to be poor) at a California beach club.
It's unfair to judge movies like this by the standards of today, but I have the feeling it probably wasn't considered very good even eight decades ago. Lake is a drip as a romantic lead, and most of the line readings are as stiff as a dead stockbroker. The less said about the musical numbers, the better. Interesting as a very early example of a Hollywood musical, and perhaps as the great grand-dam of the beach party movies of the 1960s, but that's all.