The lives of three men who were childhood friends are shattered when one of them suffers a family tragedy.

A crippled dwarf is forced to become jester to a tyrannical king, but when the king abuses a beautiful dwarf with whom the jester is in love the jester plots a terrible revenge.

When legendary treasures from around the world are stolen, including the priceless Pink Panther Diamond, Chief Inspector Dreyfus is forced to assign Inspector Clouseau to a team of international detectives and experts charged with catching the thief and retrieving the stolen artifacts.