A greedy pirate sails around the globe in pursuit of a fleeing princess. The noblewoman has left the safety of the royal court in order to be with her one true love, a lowly commoner, and the determined buccaneer sees her as another jewel to add to his impressive collection. The princess is aided in her flight by a two-bit vaudevillian she meets along the way; unfortunately, her newfound ally turns out to be both a coward and a fool.