High school student Margareta fall head over heels in love with a young doctor and announce her engagement to him to her parents. She quits school and move in with him in a large house. However, the life of a housewife soon becomes tedious. Her husband does not want her to study but secretly she enrolls in a high school again to be able to graduate. Her husband suspects funny business when she is spotted with her private tutor.
A ring passes between a lot of different people, giving the bearer or someone close a new meaning to life. Actors, embezzlers, old ladies and cheated husbands all seem to gain temporary hope from misery and disillusionment.
Romance blossoms between single seamstress Puck and the art critic, Roger. He is engaged to Elsa, whose wedding dress Puck is involved with designing.