Wilhelm, a file clerk, falls in love with a huntsman's daughter. In order to marry, Wilhelm must prove his worth as a hunter and gain her father's approval, but, as "a man of pen and ink," his shot is lousy and his hopes of marriage worsen. He is offered magic bullets by the devil, Pegleg – who assures him that his bullets will always have a sure shot. However, Pegleg stipulates that, while most of the bullets will hit anything Wilhelm pleases, one of the bullets is under Pegleg's control. Foolish, naive, and overrun with desperate hope, Wilhelm accepts the Faustian pact. On the day of Wilhelm's wedding, the final bullet strikes his beloved dead. He then goes mad and joins the previous victims of Satan's cunning in the Devil's carnival.