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Paul, a starving American artist in Paris, shocks his unsuccessful roommate, Casey, a writer, when he decides to go back to his wealthy fiancée, Laurie, in the United States. They carry on a drunken debate on the banks of the Seine, and Casey decides that Paul should fake a suicide, thus enhancing the value of his paintings. As Casey composes a suicide note, Paul jumps off a bridge to save Nikki, who is fleeing lascivious attentions. They safely reach a barge, but Casey believes that Paul has really drowned. With great publicity, the paintings begin to sell, and Paul has to hide out in a nightclub to produce more of them. Casey then falls in love with Laurie, who has come to Paris for a visit. For revenge, Paul fakes evidence that points to his own murder by Casey; and Casey is arrested, tried and sentenced to death by the guillotine. Paul saves Casey at the last moment, and he also saves Nikki from a rich admirer.