When a girl tries to drown herself in the Seine, she is rescued by dancer Gonzalo Montrez. She then becomes a famous dancer known as the White Moth.

Giles Bateson gets expelled from college for misconduct. His angry father, the Earl, sends him a message: "Never let me see you again until you have earned a half crown and proven yourself worthy of confidence."

A struggling artist buys a talisman that gives him love, fame and wealth. The talisman is a severed left hand, and it works perfectly, in fact, magically. But of course there is nothing free in this world, and after one year the devil comes and asks for his due.

A visitor to an insane asylum realises that the inmates have taken control.

Two peasant children, Mytyl and Tyltyl, are led by Berylune, a fairy, to search for the Blue Bird of Happiness. Berylune gives Tyltyl a cap with a diamond setting, and when Tyltyl turns the diamond, the children become aware of and conversant with the souls of a Dog and Cat, as well as of Fire, Water, Bread, Light, and other presumably inanimate things. The troupe thus sets off to find the elusive Blue Bird of Happiness.