Gambler Durak hits it rich on the french coast, after having made a deal with the devil. "Monsieur Lucifer" claims his soul, of course. In trying to back out of the deal, Durak only gets in deeper. The fires of hell await his soul.
"In 1932, in a small Connecticut town, Donald Scott committed a murder..." Artist Scott paints a portrait of a strange man. As the painting attacks him, he slashes it with a knife. Simultaneously the stranger is slashed. Police bring Scott, who claims to have killed the devil, to the madhouse.
Four monsters break loose from a side show. They have been brought to life by the evil midget ringmaster. Animal tamer Zita tries to command the bunch, buf fails in the end. Turning on her, the monsters can be captured and hanged.
A boy and his horse are best friends. They enter a race and win. The horse is sold and the boy goes looking for him. The boy catches pneumonia and dies, but his ghost rides a final race with his beloved horse called Spook.