Wax sculptor Henry is horrified to learn that his business partner, Matthew, plans on torching their wax museum to collect on the insurance policy. Henry miraculously survives a fiery confrontation with Matthew and re-emerges some years hence with a museum of his own. But when the appearance of Henry’s new wax sculptures occurs at the same time that a number of corpses vanish from the city morgue, art student Sue Allen begins suspecting wrongdoing.