After leaving the Army after W.W.II, Bob Wallace and Phil Davis team up to become a top song-and-dance act. Davis plays matchmaker and introduces Wallace to a pair of beautiful sisters (Betty and Judy) who also have a song-and-dance act. When Betty and Judy travel to a Vermont lodge to perform a Christmas show, Wallace and Davis follow, only to find their former commander, General Waverly, is the lodge owner. A series of romantic mix-ups ensue as the performers try to help the General.

Tobacco industry lobbyist Nick Naylor has a seemingly impossible task: promoting cigarette smoking in a time when the health hazards of the activity have become too plain to ignore. Nick, however, revels in his job, using argument and twisted logic to place, as often as not, his clients in the positions of either altruistic do-gooders or victims. Nick’s son Joey needs to understand and respect his dad’s philosophy, and Nick works hard to respond to that need without compromising his lack of values. When a beautiful news reporter betrays Nick’s sexually-achieved trust, his world seems in danger of collapsing. But there’s always one more coffin nail in Nick’s pack.

Norman Spencer, a university research scientist, is growing more and more concerned about his wife, Claire, a retired concert cellist who a year ago was involved in a serious auto accident, and who has just sent off her daughter Caitlin (Norman’s stepdaughter) to college. Now, Claire reports hearing voices and witnessing eerie occurrences in and around their lakeside Vermont home, including seeing the face of a young woman reflected in water. An increasingly frightened Claire thinks the phenomena have something to do with the couple living next door, especially since the wife has disappeared without apparent explanation. At her husband’s urging, Claire starts to see a therapist; she tells him she thinks the house is being haunted by a ghost. His advice? Try to make contact. Enlisting the help of her best friend, Jody, and a ouija board, Claire seeks to find out the truth of What Lies Beneath.

The story follows Mirabelle, a disenchanted salesgirl and aspiring artist who sells gloves and accessories at a department store. She has two men in her life: wealthy divorcee Ray Porter (Steve Martin) and struggling musician Jeremy. Mirabelle falls in love with the glamorous Ray, and her life takes a magical turn, but eventually she realizes that she must empower herself and make a choice between them.