Goodbye Love is a lampoon of what was once designated the "alimony racket." Refusing to meet his wife's exorbitant alimony demands, Sidney Blackmer volunteers to go to jail, where he finds that his cellmate is his own valet (Charlie Ruggles), incarcerated because he can't make his alimony payments. Finally able to raise enough money to secure his freedom, Ruggles heads to Atlantic City, where he makes the acquaintance of a gold-digger Veree Teasdale. Eventually Teasdale marries Blackmer for the express purpose of later divorcing him and claiming his bank account. When Blackmer learns the truth, he enlists the aid of Ruggles and newspaperman Ray Walker to get even with both his past and present wife. The frivolous storyline requires Charlie Ruggles to pose as a British nobleman and a big-game hunter, which he does with his usual comic aplomb. The final production of Jefferson Pictures Corporation, Goodbye Love was released by RKO Radio.