When Assol was a little girl, she met a wizard who foretold that it will be a fine sunny day when a beautiful ship under scarlet sail would arrive and the noble prince would take her away to the world of her dreams where she will be loved and happy. The neighbours joked about her, children teased her, but Assol chose to believe in miracles and wait for her prince.

Based on the short story of the same name by Fyodor Dostoyevsky, it is about a young man living in Saint Petersburg who suffers from loneliness. He gets to know and falls in love with a young woman, but the love remains unrequited as the woman misses her lover, with whom she is finally reunited.

Shurik, a kind but naïve ethnography student, falls in love with the intelligent, athletic and beautiful All-Union Leninist Young Communist League member Nina. He has a rival in the wealthy comrade Saakhov, who concocts a kidnapping scheme to force Nina to marry him.