The story of a sleepless night, "Dreams and Fancies" uses musical episodes to depict definite pictures: the three accented pulses of the main theme signifying a kind of fate, a demented waltz which breaks down, a love theme in the middle, then a wild jazz party. The end is a huge climax - a grand ceremony in which the lovers marry, but haunted by the three accented pulses of the first theme, representing a dark fate.