The narrative follows a professional writer who encounters Charlie Mears, a young, aspiring bank clerk from north London with grand literary ambitions. Despite Charlie's profound ignorance and lack of literary skill, he begins to recount vivid, highly detailed accounts of historical events and maritime life, specifically describing the visceral experiences of a Greek galley-slave and a Viking seafarer. The narrator realizes with mounting astonishment that Charlie is unconsciously channeling his own past lives, holding the key to the finest story in the world. As Charlie continues to share these involuntary memories through conversation and poetic fragments, the narrator attempts to capture and record the invaluable historical truths before they vanish.
However, an acquaintance warns the narrator that the Lords of Life and Death strictly forbid mortals from retaining such transcendental knowledge and that a single romantic awakening will permanently shut the doors of memory. Despite the narrator's efforts to shield Charlie from distraction, the young clerk falls deeply in love with a tobacconist's assistant. This profound emotional attachment instantly erases all traces of his past lives from his conscious mind, leaving him entirely absorbed in ordinary mortal existence. The narrative concludes with the tragic realization that the door to the past has closed forever, rendering the creation of the ultimate masterpiece an impossibility.