The play is an adaptation of the tale Bruder Lustig (Brother Lustig) from the Brothers Grimm. The characters of the Beggar and of Saint Peter are played by a puppet with two profiles, alternately showing one face or the other.

A Soldier gives his only three coins to a Beggar whom he crosses path with thrice. The latter reveals himself to be SaintPeter. Saint Peter wanted to test the Soldier’s generosity, so he gives him a magical bag which can make all of his wishes come true. In a tavern, the Soldier learns that the Princess Tutu is held prisoner by the Devil in a haunted castle. Thrown out of the tavern after having stolen a turkey and some wine, the Soldier finds shelter for the night in the castle. He captures the Devil thanks to his bag and hands him over to the King. They kill the Devil together.

However, the King had granted his daughter’s hand in marriage to Prince Panpan. The Soldier convinces the King to let him marry his daughter instead, and swears to defeat the army of Prince Panpan. Thanks to his magical bag, the Soldier prevails over the army. But Prince Panpan, the King and Princess Tutu, who has become weary of her new husband, unite so that they can kill the Soldier. The Princess tells them of the secret bag. Together, they hang the bag over the ramparts, but they get carried away by the weight of the Soldier and they all crash on the ground.

The three characters knock on Heaven’s door, but they are denied access. The Soldier cannot enter Hell because the Devil is scared of him. Saint Peter refuses that he goes to Heaven because he has stolen a turkey and wine. The Soldier gives him the bag back, but he uses the magic spell which sends the four of them into the bag, thus allowing them to go to Heaven. Disconcerted, Saint Peter asks God for help, and God allows the four characters to stay in Heaven despite their misdeeds. Saint Peter wonders what his actual role is.