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Bubbly comedienne Constance Talmadge plays the title character in Venus of Venice. Talmadge is cast as Carlotta, a clever Italian thief with a heart of gold. Escaping from her latest caper, Carlotta takes refuge in the gondola owned by handsome Kenneth (Antonio Moreno). Taking it upon himself to reform Carlotta, Kenneth invites her to a fancy ball, where jewelry and temptation are aplenty. Apparently Kenneth has done his job well, since when Carlotta's partner-in-crime Marco (Michael Vavitch) swipes a necklace, our heroine swipes it back from him and returns it to its rightful owner. With Marco in hot pursuit, Carlotta dives into the canal and swims to the safety of Kenneth's arms.