Fellini exposes his great attraction for the clowns and the world of the circus first recalling a childhood experience when the circus arrives nearby his home. Then he joins his crew and travel from Italy to Paris chasing the last greatest European clowns still live in these countries. He also meets Anita Ekberg trying to buy a panther in a circus.
Valentina and Giovannino have just got married, but the Honeymoon has gone by and nothing happened between the two. Tension grows and they are about to break up the marriage, until a French tourist satisfies Valentina, while Giovannino regains his virility with his mother in law.
When his father dies, young lad travels to Milan to attend the funeral and decides to follow in his father's footsteps as a gigolo. He is successful at finding rich women to prey on, but finds himself caught up in a bidding war.
