A clown named Tito Beppi (Lon Chaney) adopts orphaned Simonetta (Loretta Young), and they begin to travel and perform in the circus together. As Simonetta grows into a beautiful young woman, Tito eventually falls in love with her. Though the girl actually has eyes for the young and noble Count Ravelli (Nils Asther), she pretends to want the kindly clown because she is unwilling to break his heart. When Tito realizes that he stands in the way of her happiness, things turn tragic.
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