Doctor Gulliver is poor, so nothing - not even his charming fiancée Elisabeth - keeps him in the town he lives. He signs on to a ship to India, but in a storm he's washed off the ship and ends up on an island, which is inhibitated by very tiny people. After he managed to convince them he's harmless and is accepted as one of their citizens, their king wants to use him in war against a people of giants. Compared to them, even Gulliver is a gnome.

Afraid of marriage, Simone (Mary Ellis) breaks off her long term engagement with her fiancé Paul de Lille (Tullio Carminati). Paul heads to the top of The Eiffel Tower with thoughts of suicide. In another part of Paris and also afraid of marriage, Mignon (Ida Lupino) breaks it off from her young lover (James Blakely). Despairing, Mignon also climbs to the top of the The Eiffel Tower intending to leap to her death. There she meets Paul and the two compare stories. After discussion, Paul dissuades her from leaping and the two conspire to make their respective partners jealous by pretending to have an affair with each other.