A clever thief gets away with a pearl necklace and later, when pursued, puts it in the pocket of Marguerite's sealskin coat which is hanging outside her window for an airing. When he returns he finds that Marguerite has sent for the coat and is wearing it without knowing the valuable contents. There are amusing and also exciting complications with the thief following Marguerite in an endeavor to get the necklace back while Billy Breeze, her sweetheart, follows the thief in an effort to secure the large reward offered for his capture.
—Moving Picture World synopsis