Young Kolya is in love with his singing teacher, but his life isn't easy. His father skips town after stealing some coins from a museum and his mother is sent to a labor camp as punishment. When the father returns a year later, Kolya becomes involved with the pretty young woman hired to nurse him.

A junior employee of the Forest Research Institute is sent to collect mushrooms. In the forest, he meets a strange old woman, receives a silver horn and a magic club as a gift from her, and after some time ends up in prison as a counterfeiter. His connections with the mysterious old woman do not end there.

Humphrey Van-Weyden, a young literary man, decides to visit a friend. On the ferry "Martinez" he sails from San Francisco to the other side of the bay. In the fog, the ferry collides with a large vessel and sinks in minutes. Finding himself in the water, Humphrey quickly became exhausted. Salvation came unexpectedly. A passing schooner happened to spot a man in the water. So Humphrey found himself on board the fishing schooner "Ghost", commanded by the captain "Wolf" Larsen...

Based on the story V. Shishkov "divers", as well as the Russian legends, songs, stories and rhymes. The wealth of folklore became the basis for the film, combined with three main characters: slob Neznamov, an eccentric inventor village Bobylev and brave soldier.