A group of youngsters grow up and love in a peaceful French village. But war intrudes and peace is shattered. The German army invades and occupies village, bringing both destruction and torture. The young people of the village resist, some successfully, others tragically, until French troops retake the town.

Gwynplaine, son of Lord Clancharlie, has a permanent smile carved on his face by the King, in revenge for Gwynplaine's father's treachery. Gwynplaine is adopted by a travelling showman and becomes a popular idol. He falls in love with the blind Dea. The king dies, and his evil jester tries to destroy or corrupt Gwynplaine.