Impoverished Count von Degenthal (Marshall) plans to commit suicide and spends his last night at a costume ball. There he meets lovely Lela Fischer (Maritza) and falls in love with her. A chance meeting with his former butler brings a job offer as a gigolo in a dance club. He dances with Jenny Kent (Boland), a wealthy American heiress, and she becomes so enamoured with him that she buys his castle, clearing all his debts. The count gives her his treasured ring in gratitude, and Lela misinterprets this as an engagement to be married and shuns him. Kent receives news from America that she has become a grandmother, and it dawns on her that she has been foolish in pursuing a much younger man. She returns to America, Lela's misunderstanding is cleared up, and she and the count reconcile.
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