An alcoholic, abusive ne'er-do-well is shown the error of his ways through a legend that dooms the last person to die on New Year's Eve before the clock strikes twelve to take the reins of Death's chariot and work tirelessly collecting fresh souls for the next year.

After a baron steals his scientific discoveries, runs away with his wife, and slaps him in public, a man joins a Parisian circus sideshow as a clown whose act consists of being slapped repeatedly and becomes infatuated with a showgirl colleague whose father intends to marry her off to the baron.