A fisherman with a beautiful voice is heard by the owners of a record company and signed. He falls for the manager but, when he understands that the interest of women is purely professional, he abandons everything.

Based on Ruggero Leoncavallo's opera Pagliacci. The film recounts the tragedy of Canio, the lead clown (or pagliaccio in Italian) in a commedia dell'arte troupe, his wife Nedda, and her lover, Silvio. When Nedda spurns the advances of Tonio, another player in the troupe, he tells Canio about Nedda's betrayal. In a jealous rage Canio murders both Nedda and Silvio. The only actor in the cast who also sang his role was the celebrated Italian baritone, Tito Gobbi, but the film is largely very faithful to its source material, presenting the opera nearly complete.

Film version of the Verdi opera about lovers on the run after the accidental death of the girl's father.