The young Monika Dahlhoff returns from the USA after two years. As soon as she arrives, she learns that her father wants to sell his traditional stud farm, because he has quarreled with the members of the equestrian club. Accordingly annoyed is the old Dahlhoff, when his daughter just fell in love with the son of his greatest enemy. In the annual "Hubertusjagd" there is a dramatic encounter between the men.
After a carnival celebration, young Erika Hansen is offered a lift by two young men in a car. The men become abusive. Erika rushes out of the car and is seriously injured. She is brought to a gynecoligal clinic for an acute operation.
The pony hotel has just been opened, but so far no guests have arrived. Dick gets Ralf to design a brochure about the hotel. The girls and Ethelbert then lead the village children on horseback to Lübeck, where they all distribute the brochure - not knowing that Dalli has added some embellishments to the text.
The Immenhof has been closed by officials, awaiting auction. In the meantime, Angela has died, so Jochen is now a widower. Oma Jantzen and Angela's younger sisters Dick and Dalli live with him in the forester's house. In order to save the manor house, Dalli has started a "pony circus" with the village children in the barn, while Dick has given up hope of Ethelbert ever returning.
Granny Jantzen lives with her three granddaughters Dick, Dalli and Angela on the small pony farm Immenhof in Northern Germany. Since the breeding of ponies isn′t profitable anymore, Granny Jantzen is struggling to keep the family property. During the summer break , young Ethelbert is spending his holiday with his cousins at Immenhof. While Angela has fallen in love with the wealthy land owner Jochen von Roth, Dick and Dalli have to put up with bigheaded urbanite Ethelbert.
The Falling Star (German: Der Fallende Stern) is a 1950 West German drama film directed by Harald Braun. It was entered into the 1951 Cannes Film Festival.