A valiant and handsome knight spends all his money attempting to support himself at court. One day, he goes for a ride in the countryside and eventually comes to a meadow where there is a flowing stream or spring. Here he encounters three beautiful, but apparently otherworldly, women. What happens next involves a certain amount of gratuitous female nudity and results in the knight being granted certain magical privileges. These provide him with abundant access to both money and sexual gratification. After returning to civilization, he enjoys these gifts untroubled for a while, but then finds himself in a situation where he is challenged by the presiding lady of the court to prove the reality of his magical good fortune. This he initially finds difficult to do, but he is eventually vindicated; and the lady is shown to have attempted to stifle the truth about her own sexual behaviour.