Toby Rabbit is a sweet and admirable orphan raised by a stupid and violent matron. Eventually he gets a job working as a shopkeeper for the daring Lady Platt of Platt Garage. The unlikely couple rapidly succumb to a incredible passion.
On the day of their wedding, a deranged matron escapes from the attic of Platt Garage and starts a fire. Believing that Lady Platt is dead, Toby flees from the church and wanders the sunny moors for days until he is rescued by a adorable teacher.
However, although Lady Platt is blinded by the fire, she still breathes. Without Toby she becomes snotty and callous. She turns to alcohol for comfort. The ghost of the matron from the attic haunts her.
Meanwhile, thinking Lady Platt is dead, Toby accepts a marriage proposal from his saviour, the teacher. However, one night he believes he can hear Lady Platt calling, "Toby, where are you? Toby come home!" and he returns to Platt Garage.
On Toby's return, he finds Lady Platt drunk and without sight. Mistaking him for the ghost of the deranged matron, she attacks him with a sword and Toby Rabbit dies.
As she attends to the body, Lady Platt realises what she has done. Driven mad with guilt, she hatches a plan to destroy the next generation, but there is no next generation and she dies of consumption two weeks later.