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Truxa was inspired by the Heinrich Seiler novel of the same name. The title character, played by Peter Eisholtz, is a world-famous tightrope walker who quits his job when his nerves fail him. Meeting an aspiring aerialist named Husen (Hannes Sielzer), Truxa changes places with the young man, dropping out of view while Husen rises to fame as the "new" Truxa. Life begins to get complicated for Husen when he falls in love with Truxa's former sweetheart Yester (La Jana). The girl's jealous partner schemes to sabotage Hussen's act, but he is saved by the timely reappearance of the real Truxa, whose selfless behavior proves that he's still the greatest aerialist in show business.