An all-knowing interlocutor guides us through a series of affairs in Vienna, 1900. A soldier meets an eager young lady of the evening. Later he has an affair with a young lady, who becomes a maid and does similarly with the young man of the house. The young man seduces a married woman. On and on, spinning on the gay carousel of life.
Lola Montes, previously a great adventuress, is reduced to being the attraction of a circus after having been the lover of various important men.
Three stories about the pleasure. The first one is about a man hiding his age behind a mask to keep going to balls and fancying women - pleasure and youth. Then comes the long tale of Mme Tellier taking her girls (whores) to the country for attending her niece's communion - pleasure and purity. And lastly, Jean the painter falling in love with his model - pleasure and death.
