It's the hope that sustains the spirit of every GI: the dream of the day when he will finally return home. For three WWII veterans, the day has arrived. But for each man, the dream is about to become a nightmare. Captain Fred Derry is returning to a loveless marriage; Sergeant Al Stephenson is a stranger to a family that's grown up without him; and young sailor Homer Parrish is tormented by the loss of his hands. Can these three men find the courage to rebuild their world? Or are the best years of their lives a thing of the past?

Philip Van Horn, who left his small town a long time ago to become a Hollywood actor and hasn't had any success at that, returns to the town for a visit. There he is uniformally met like some kind of celebrity and movie star. He uses it to impress his (and everybody's) school love Dorothy, her life now a grey boring experience.