Out of love for an actress, Isabelle, the Baron de Sigognac joins a traveling troop en route to Paris. When an actor dies, he takes over his role: that of Captain Fracasse.
The guitarist Moncho, singer Roberto and their impresario, arrive in Paris to find the fortune and the celebrity. They live in Montmartre in a pension that receives an impressive sampling of circus artists and music halls. They meet Maria-Rosa with whom they make a number, and this is glory.
In the 13th century, lovers hurried to the door of Marguerite de Bourgogne. The aristocrat who every day was indulged in orgies that were famous throughout the country. What the suitors do not know is that they will inevitably be executed the day after these festivities and thrown to the Seine.