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Pat, a circus bareback rider, loves Larry, the star tightrope walker, who is infatuated with his partner, Zara Flynn who, in turn, loves Tony Barretti of Larry's act.  Pat tells Larry of Zara's duplicity and, as a result, he sustains an injury in a fall from the wire.

He takes to drinking heavily, but Pat persuades him to return to the circus; in order to bolster his confidence, she works with him in a comic act.  To Pat's dismay, however, he again falls under her spell.

Meanwhile, Zara and Tony have been secretly married, but they fail to get bookings and Zara rejoins Larry in the tightrope act; to Pat's dismay he again falls under her spell.  However, when Larry learns Zara is married, he again takes to the bottle, and Pat is forced into a scheme whereby she saves his reputation, though it costs her her own job.

At last, realizing her sacrifice, Larry discovers that he loves Pat.