It is the year 1830. In the Spanish Main, local beauty Manuela Alva, is living on the island of Calvados and dreams of falling in love with the legendary Caribbean pirate known as “Macoco”, sometimes called “the black Macoco” due to his fearsome buccaneering and looting. However, her guardians, her aunt and uncle, aiming to get rich, insist that she marry Don Pedro, the town mayor, an arrogant and bullying much older man. She resigns herself to her fate but before the wedding, in nearby Port Sebastian, she meets by chance a troupe of traveling circus actors, led by the handsome Serafin.
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