Film of the Parsons School of Design annual fashion show at the Plaza Hotel. Voiceover announces the year's theme, "Anything Goes." The theme draws on a Cole Porter song of the same name, which plays throughout the film. Jurors for the fashion show include designers Donald Brooks, Chester Weinberg, Stan Herman, and Norman Norell. John R. Everett, president of the New School for Social Research, appears in the audience. Sidsel Taubo receives the J.C. Penney's Student Designer of the Year Award. The announcer is Herman.