The book is a tragic play in two parts that tells the story of a scholarly man named Faust, who becomes dissatisfied with his life and makes a pact with the devil, Mephistopheles. In exchange for unlimited knowledge and worldly pleasures, Faust agrees to give his soul to Mephistopheles after death. The narrative explores themes of ambition, despair, love, and redemption, ultimately leading to Faust's salvation.

The book is a seminal work in Yiddish literature and folklore, centering around the concept of a dybbuk—a malicious possessing spirit from Jewish mythology. The narrative follows the tragic tale of a young bride in a Polish shtetl who becomes possessed by the restless spirit of her dead lover, who had been wronged by his own father and her father's broken pledge. The possession leads to a dramatic exorcism and a series of events that explore themes of love, betrayal, and the clash between the mystical and the rational, as well as the boundaries of life and death. The story delves into the rich tapestry of Jewish mysticism, community, and tradition, reflecting the cultural and religious tensions of Eastern European Jews before the First World War.

The play centers around a socialite and novelist who invites an eccentric medium to his house to conduct a séance, hoping to gather material for his next book. The plan backfires when the ghost of his temperamental first wife is summoned, creating a love triangle between the living and the dead. As the mischievous spirit causes chaos and confusion, the protagonist must navigate the complexities of his past and present relationships, leading to humorous and unexpected consequences.