A frail boy fights to win acceptance from the leader of a street gang.

A man drowns himself in lake. As he is dying, he recalls the crucial moments of his life and the incidents that led to his final, fatal decision.

Gwynplaine, son of Lord Clancharlie, has a permanent smile carved on his face by the King, in revenge for Gwynplaine's father's treachery. Gwynplaine is adopted by a travelling showman and becomes a popular idol. He falls in love with the blind Dea. The king dies, and his evil jester tries to destroy or corrupt Gwynplaine.