It's summer of 1931 by the North Sea. Newspapers are full of reports of bankruptcies and world crisis, but that does not stop the Copenhagen regulars from being back at the small hotel where Fie has taken over the day-to-day management. The maid Edith is sure that Fie is dreaming of something completely different, so she allies herself with the spiritual Miss Vetterstrom to find out. Actor Weyse is riding a wave of success in the world of film and, in order to be at peace, has informed the press that he is on holiday on Lake Garda which he bitterly regrets when his mortal enemy from the theater, Sophus Poulsen, moves in, accompanied by Weyse's ex-wife.