 We have Old Faust longing for love and youth, and the appearance of Mephistopheles, who summons a vision of Marguerite, engaged as a fascinating barmaid at the Italian Exhibition at Nuremberg.Old Faust signs the necessary bond and is transformed into a gay and handsome gallant, who is accepted by Marguerite.Her brother, Valentine, to favour the addresses of Siebel, makes his sister a ward in Chancery, and the married pair dread the punishment of the Lord Chancellor, from which punishment they eventually escape at the Olympic Gardens, Nuremberg, by ascending in a balloon.