The plot concerns a man, Joe Blake, who works as a stage hand in a vaudeville theatre headlined by Mysto the magician. When he finds out that the girl he is in love with, Molly, is getting married, he gets drunk with his friend Happy Morgan and decides to commit suicide.

Charles Chauvel's 1940 cinematic tribute to the mounted troops of the Australian Light Horse regiments is a rousing call to arms, giving life to the heroic tales of mateship during the Great War.