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The "two neckties" referred to in the title are all that separates the gentlemen from the bums, at least so far as the script is concern. Required to wear a black tie on the job, temporary waiter Jean (Michael Bohnen) is accosted by a gentlemen thief, who, hoping to elude the cops, offers to pay 1,000 marks if Jean will exchange ties with him. Upon donning the crook's white neckwear, Jean is immediately mistaken for a man of means, whereupon he enters into a whirlwind romance with wealthy American Mabel (Olga Tshekova), who spirits him away to Florida. Upon realizing that he's way out of his league, Jean hotfoots it back to Europe, where he settles down with his longtime sweetie Trude (Trude Glieske).