East German adaptation of Grimm‘s fairy tale "Rumpelstiltskin". A boastful miller pretends that his daughter Marie can spin straw into gold, and so she is locked into a room full of straw and ordered to spin it into gold by the next morning. A little man appears and offers his help in exchange for Marie's necklace. The greedy treasurer makes Marie spin twice more until the only thing she has left to give the little man is the promise of her first-born child…

Antwerp at the end of the 16th century. For the second time, the city falls into the hands of the plundering and murdering Spaniards. Jan and Myga are just ten years old. While Myga's father tries to come to terms with the Spaniards, Jan leaves the occupied country with his father. When Jan has grown into a young man, he joins the Geusen and is entrusted with the best ship as helmsman, the "Black Galley". He survives numerous battles and dangers, but one day he is captured by the Spanish. He frees not only himself but also his beloved Myga from the hands of the enemy. In 1609, the Spaniards are forced to finally recognize the independence of the northern provinces.