Sex and booze and jazz - the 1920s version of sex and drugs and rock and 
roll.

A friend of my Mothers back then had a cousin who was an actual "flapper", 
who drank and smoked and even drove a car and had a raccoon coat.
They both thought she was the cat's meow!
My Mother was exactly contemporary with "Bonnie" of Bonnie and Clyde fame 
(born in the same year).
When I see the old newsreels it seems so ancient.
Fortunately, my Mother didn't follow a life of crime and get gunned down in 
the 1930s, otherwise you wouldn't hear this song today.
Worked out good for both of us I'd say :-)