A law student becomes an outlaw French revolutionary when he decides to avenge the unjust killing of his friend. To get close to the aristocrat who has killed his friend, the student adopts the identity of Scaramouche the clown.

A young woman, Margaret Dauncey, is caught between the forces of a charlatan magician, Oliver Haddo, whom she is unable to resist, and the love of a handsome surgeon, Arthur Burdon, who has saved her from being a helpless cripple by performing a delicate operation on her spine.