Isak Dineson was one of Welles' favorite writers (Hemingway's too, by the way) and this movie does perfect justice to her short story. It was made for French television and it's only an hour long, the only narrative film Welles ever made in color.
The story concerns an old man, a merchant, in Macao who finds stories disturbing because they portray events which never actually happened. His solution is to take a common sailor's tale and actually make it come true. A wonderful story, beautifully told. Starring Welles and Jeanne Moreau.