Based on Dowling's 1925 stage vehicle of the same name, the story is set in motion when the king of the mythical European nation of Bulgravia visits an American health resort. Hero Tim Dugan appoints himself the king's unofficial protector, saving him from the larcenous designs of crooked gambler Arnold Bookstein.

"A Merry, Chuckle-crammed Joy Dream That Will Have You Laughing With Tears In Your Eyes!"