During a spectacular break-in at the villa of film star Marion Milner, the jewel thieves fortunately only manage to get their hands on imitations of the valuable jewelry. The police suspect the notorious master thief Silver-Jim, whom they have long been after. The commotion surrounding the break-in comes in quite handy for film producer Otto Pitt, who is currently shooting a crime film, as he hopes it will generate some free publicity for his project.

The opera singer Carlo Martin comes to the Royal Opera for a guest performance and the girls in the ballet immediately gets a crush on him. Martin courts one of them, Märta Holm, who is torn between Martin and her own fiancée Arne.

Four young people escape Athens to a forest where the king and queen of the fairies are quarreling, while meanwhile, a troupe of amateur actors rehearses a play. When the fairy Puck uses a magic flower to make people fall in love, the whole thing becomes a little bit confused...