Mrs. Erlynne, a mistress once expelled by London society, returns from America after years with the desire to regain a foothold in these circles.

In a harbor bazaar of the Pacific town of Kona, the young sailor Kiwe is offered a mysterious bottle, which supposedly gives her owner power and wealth and should fulfill all his wishes. The required return is however high. From now on, the soul of the new owner belongs to the devil.

This is the story of the unhappy maid Lena, who falls in love with the furniture mover Franz. But Franz' former girlfriend Karla is jealous of Lena and starts an intrigue against the couple, suggesting that Franz would leave Lena because of her poverty and shabby clothes. So Lena steals a ring and brings it to the pawnshop in order to get some money to buy something more attractive.

After losing almost all of his money, a young marquis discovers that among his few remaining possessions is a magical piece of leather which is capable of fulfilling any wish. However, every use of it will make it less effective and furthermore will shorten the life of its user. Nevertheless, the marquis uses the magical object ruthlessly in order to regain his wealth and especially to get the love of Feodora, an actress. But all his efforts only seem to lead to doom…

If a sailor uses a magic bottle he found that grants whatever he desires, will his soul be lost to the Devil?