An old clown loves a young dancer to whom he gives lessons. He heroically withdraws from the love of a rich young man.

Reymat is killed during an aerobatic exhibition in a plane. Hélène, his fiancée, to forget her grief, decides to become an aviator.

A professor lecturing his class tells the strange story of a doctor's dead wife who sends her spirit to haunt and torment him and wreck his second marriage.