The film opens grimly with a young lady, on New Year's Eve, shooting her wretched husband and rushing forth into the night. En route, she philosophizes that she'd like to play that year over again--do a rewrite, as she puts it, on the third act--and thus avoid the horrible deed that she has just done. And, lo and behold, some nameless wonder suddenly turns back the clock a year and arranges for her to repeat it, knowing all the while how the first draft ended. In this incredible repetition, it is rather convincingly revealed that the lady's husband was a devil and that she spent a good part of her time trying to keep him away from 1. the bottle and 2. a predatory blonde. But none of her devices, despite a generous intervention of fate which almost destroys the gentleman via a fall out of a theater balcony. And the film concludes with this scoundrel getting what he deserved all along, only this time the shot that kills Barney is fired by a poet instead of the wife.