"Newlander" (Warner Baxter) is a bored millionaire who dives into the sea from his ocean-going yacht to rescue a man. Turns out that "Louis" (Peter Lorre) didn't actually want to be rescued - he's a homeless vagrant with little to look forward to in life. "Newlander" suddenly quite fancies this life and swapping clothes, vows that he will give one million francs when he is convinced that someone actually likes him for himself rather than his cash. His adventures take him to a circus where he fits in quickly and meets "Jean" (Marjorie Weaver) whilst his tramp pal, now replete with a dinner suit…
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