In the story, Ivan Baracs seeks revenge by shaming his noble friends. He dresses his groom, Misha, in a tailscoat and introduces him into society as Count Tasziló. Mishka's fiancée, Marchesa, the dishwasher girl with the palms of her hands, becomes Countess Mary... The interesting thing about Mishka the Magician is that it is one of the rare pieces of operetta literature in which the dancer-comedian and the sub-radio play the leading roles.

Tita the teenage girl doesn't like her life, so she tries to lie a new, more interesting one for herself. She slips into a world of more lies, parties, drugs and sex.