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.

Architect Gordon Wales finds fellow apartmenthouse resident Joan Marsh locked out and flirts with her. When she is murdered evidence points to him.