Tobey is a headstrong peddler who sells balloons on the streets of Paris. A traveling dog circus usurps his corner and a power struggle ensues between Tobey and the circus's beautiful ballet star, Mimi. Intent on ruining the circus's chances at success, Tobey sabotages their performances. But after a tragedy befalls Mimi, Tobey has a dramatic change of heart and views Mimi in a completely new way.