Mary Bunting is sitting alone when to her surprise and delight a rabbit six foot tall - elegantly dressed in frock coat and fancy waistcoat - appears. As he is a magic rabbit, he can be seen only by Mary, which naturally creates great confusion and misunderstanding.
Infelicitous Stephen Wallace falls in love with beautiful Wendy, who spurns his affections. He proceeds to make a pact with Satan to be able to marry the woman of his dreams, but he gets more than he bargained for.