Young Countess Wilma is forced to wed by midnight or lose her inheritance. Wilma impulsively chooses gypsy vagabond Latzi, offering him a huge sum of money if he'll consent. Swallowing his pride, Latzi agrees to the marriage, but soon Wilma falls in love with young Lieutenant Von Tokay who himself is in love with Latzi's gypsy sweetheart Timka.

Philandering actor Richard Hardell is murdered at a movie studio. His jealous wife Blanche, his director Rupert Borka, and a girl he mistreated, Helen MacDonald, all have substantial reasons for having wanted him dead.