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Georgie Allerton wakes one morning to hear on her bedside radio a promotion for a personal advice program. Ignoring her mother's calls to get moving, Georgie imagines herself on the radio program, clutching her bedside lamp like a microphone while she reveals her love for her brother-in-law to millions. Her fantasy punctured by her mother's intervention, Georgie joins her parents at the breakfast table. There she reveals that the Mermaid Bookshop has lost less money this month than ever before. Her father William announces he's going to Washington D.C. to plead before the Supreme Court for another impecunious client. Lucy, sneezing from a cold, despairs about both their businesses and that of her hapless son-in-law Jim, who reads manuscripts for thirty dollars a week. Jim had rejected a manuscript called Always Opal that later became a runaway hit. Georgie jumps to Jim's defense, since he has recommended her own manuscript to his publisher. Her sister Miriam comes in the kitchen and reveals she is pregnant and fed up with her husband. Georgie goes into another fantasy where she lies in a hospital delivery room with twin newborns, while the doctor and nurse (looking a lot like her parents) and Jim Lucas praise her courage. Later at the bookstore, her colleague Claire Blakely agrees that without any copies of Always Opal the store will never prosper. The store's location is poor, and a better one will cost them $10,000, money they don't have. Georgie reverts to daydreaming her way out of this dilemma. Her reverie of financial success is interrupted by a stranger named Clark Redfield, who sells her some review copies of books. He doesn't need them since he never reads the books he reviews for his newspaper. Clark angers Georgie by telling her to stop dreaming and live life. Jim Lucas then pops into the shop to let her know that Miriam and he are divorcing. Georgie next has a lunch date with George Hand at the Canard Rouge. He wants her to go to Mexico with him. She launches into another fantasy where she gives in to him, then is abandoned in Mexico to become a streetwalker in which Clark figures as a villain. As the afternoon goes by, Clark's presence in her daydreams changes from bad guy to good, while Jim Lucas gradually disappears. Clark returns to the bookstore to take Georgie to dinner at Emilio's, a modest "spaghetti and red ink joint", where he has to snap her back to reality from another daydream. They go to see The Merchant of Venice; an usher seats George Hand and an expensively-gowned young lady next to them. As the play proceeds, Georgie imagines herself volunteering to take over the role of Portia when the star falters. She delivers the quality of mercy speech but the dream breaks when she sees Clark grinning at her from the audience. She and Clark wake up a Justice of the Peace at 2 am for a quick marriage ceremony, with a mutual promise that she can keep dreaming but will try to do so less often.
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