How is that for headline?
The film? Search for Beauty, 1934.
The plot: who cares, Buster Crabbe gets naked, but if you insist - Con artists convince 2 olympians to head a new health magazine that is really just a front to show salacious photos and tell scandalous stories.
Artist Ralph Hodgdon told me about this film recently as he and I (and Donna lethal) are big fans of Buster. He might have seen it on release, not sure. The naked guys in the locker room tip you off this was pre-code and it's a little jarring to see a film from 1934 with that much skin showing.