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Five young men dream of success as they drift lazily through life in a small Italian village. Fausto, the group's leader, is a womanizer; Riccardo craves fame; Alberto is a hopeless dreamer; Moraldo fantasizes about life in the city; and Leopoldo is an aspiring playwright. As Fausto chases a string of women, to the horror of his pregnant wife, the other four blunder their way from one uneventful experience to the next.
Henri Faust, retiring after 50 years as a professor in a circa-1700 French university, despairs at the ravages of old age ... whereupon Mephistopheles, agent of Lucifer, appears as a virile, handsome young man and exchanges bodies with him to induce Faust to sign a pact to exchange his soul for renewed youth, riches and power. But though the "new" Faust is attracted by the material improvements in his life, he remains wary of signing, while Mephistopheles, now posing as the aged professor whose body he inhabits, must find a way to trick him into signing the pact - and dissuade him from the love of a gypsy girl who prays for his soul - or find himself damned by his own Master...
