"Les Trois Valses" traces the love story of two people over three eras. In the first waltz (music based on Johann Strauss I), Yvonne is a sensitive Parisian ballet dancer, whose romance with a dashing officer is brought to an abrupt end by his family. She goes off to Vienna to become a big star. In the second waltz, her daughter, an even bigger star, but now of Paris music halls, has a brief flirtation with the rakish man-about-town who is the son of suitor number one. She throws him over pretty quickly for a chance to shine at a Gala performance. Finally, in the third waltz, the two get together, when she is a movie star, and he is posing as an insurance salesman.

The history of one of France's most famous streets is retold, featuring multiple performances from Guitry himself.

The son of two teachers hits the road and becomes a singing success after being taken in as a protege by a kooky countess.

A British officer poses as a traitor in order to infiltrate a team of terrorists who are sabotaging ships, while a seductive cabaret dancer is working for the mysterious genius who runs the enemy spy ring.