Lon Chaney plays Alonzo, a supposedly armless knife thrower with a gypsy circus. He DOES have arms though (one with two thumbs)--he just straps them to himself. He then uses his arms to rob jewels at the towns they play in. He loves Nanon (Joan Crawford). But he strangles her ridiculously cruel father to death one night. She doesn't see his face but notices one of the hands has two thumbs...He has his arms amputated...but she falls for circus strongman Maldabar (Norman Kerry).
Not really a horror film (as it's often called)...more of a tragedy. The plot is OK (and not as convoluted as my synopsis makes it sound :)) and the direction is solid but uninspired (Tod Browning has always been overrated). It's worth seeing for Chaney and Crawfords acting. Crawford is incredible--so young, beautiful and full of life. Chaney is just incredible--the expression on his face when he tries to hide his anger and sadness at Kerry is truly extraordinary. He does carry on the sneering a little too much (I started giggling at it towards the end) but that's a minor complaint.
The only version I've seen is on TCM and it IS short (less than an hour), but it's the exact same one I saw back in the late 1980s when revival theatres were showing it. And it SEEMS complete to me--there are no gaps in story or continuity.
So, well worth catching. One of Chaney's best.