Richard Arlen and Phil Terry star as Skimmer and Tommy, two lifelong buddies who've invented a lightweight, high-speed torpedo boat (hence the title). Their copacetic business relationship is strained when nightclub singer Grace Holman (Jean Parker), having been jilted by Skimmer, marries Tommy on the rebound.
Richard Arlen
as Skinner Barnes
Jean Parker
as Grace Holman
Mary Carlisle
as Jane Townsend
Phillip Terry
as Tommy Whelan
Dick Purcell
as Ralph Andrews
Ralph Sanford
as Hector Bobry
Oscar O'Shea
as Captain Mike
Robert Middlemass
as Mr. Townsend
Warren Hymer
as Marine
William Haade
as Big Sweeney, Riveter
Virginia Sale
as Mrs. Sweeney