diff --git a/doc/socket.html b/doc/socket.html
index a43a208..fec09c4 100644
--- a/doc/socket.html
+++ b/doc/socket.html
@@ -167,8 +167,7 @@ is  raised.
 
 <p class=parameters> 
 <tt>Finalizer</tt> is a function that will be called before
-<tt>try</tt> throws the exception. It will be called 
-in <em>protected</em> mode.
+<tt>try</tt> throws the exception.
 </p>
 
 <p class=return> 
@@ -216,8 +215,9 @@ to throw exceptions.
 </p>
 
 <p class=return>
-Returns an equivalent function that instead of throwing exceptions,
-returns <tt><b>nil</b></tt> followed by an error message. 
+Returns an equivalent function that instead of throwing exceptions in case of
+a failed <a href=#try><tt>try</tt></a> call, returns <tt><b>nil</b></tt>
+followed by an error message.
 </p>
 
 <!-- select +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ -->
@@ -416,8 +416,9 @@ socket.<b>try(</b>ret<sub>1</sub> [, ret<sub>2</sub> ... ret<sub>N</sub>]<b>)</b
 </p>
 
 <p class=description>
-Throws an exception in case of error. The exception can only be caught 
-by the <a href=#protect><tt>protect</tt></a> function.
+Throws an exception in case <tt>ret<sub>1</sub></tt> is falsy, using
+<tt>ret<sub>2</sub></tt> as the error message. The exception is supposed to be caught 
+by a <a href=#protect><tt>protect</tt></a>ed function only.
 </p>
 
 <p class=parameters>
diff --git a/src/except.c b/src/except.c
index def35a0..60b5005 100644
--- a/src/except.c
+++ b/src/except.c
@@ -42,14 +42,14 @@ static void wrap(lua_State *L) {
     lua_createtable(L, 1, 0);
     lua_pushvalue(L, -2);
     lua_rawseti(L, -2, 1);
-    lua_pushvalue(L, lua_upvalueindex(2));
+    lua_pushvalue(L, lua_upvalueindex(1));
     lua_setmetatable(L, -2);
 }
 
 static int finalize(lua_State *L) {
     if (!lua_toboolean(L, 1)) {
-        lua_pushvalue(L, lua_upvalueindex(1));
-        lua_pcall(L, 0, 0, 0);
+        lua_pushvalue(L, lua_upvalueindex(2));
+        lua_call(L, 0, 0);
         lua_settop(L, 2);
         wrap(L);
         lua_error(L);
@@ -66,6 +66,7 @@ static int global_newtry(lua_State *L) {
     lua_settop(L, 1);
     if (lua_isnil(L, 1)) lua_pushcfunction(L, do_nothing);
     lua_pushvalue(L, lua_upvalueindex(1));
+    lua_insert(L, -2);
     lua_pushcclosure(L, finalize, 2);
     return 1;
 }
@@ -75,7 +76,7 @@ static int global_newtry(lua_State *L) {
 \*-------------------------------------------------------------------------*/
 static int unwrap(lua_State *L) {
     if (lua_istable(L, -1) && lua_getmetatable(L, -1)) {
-        int r = lua_rawequal(L, -1, lua_upvalueindex(2));
+        int r = lua_rawequal(L, -1, lua_upvalueindex(1));
         lua_pop(L, 1);
         if (r) {
             lua_pushnil(L);
@@ -106,7 +107,7 @@ static int protected_cont(lua_State *L) {
 
 static int protected_(lua_State *L) {
     int status;
-    lua_pushvalue(L, lua_upvalueindex(1));
+    lua_pushvalue(L, lua_upvalueindex(2));
     lua_insert(L, 1);
     status = lua_pcallk(L, lua_gettop(L) - 1, LUA_MULTRET, 0, 0, protected_cont);
     return protected_finish(L, status, 0);
@@ -115,6 +116,7 @@ static int protected_(lua_State *L) {
 static int global_protect(lua_State *L) {
     lua_settop(L, 1);
     lua_pushvalue(L, lua_upvalueindex(1));
+    lua_insert(L, 1);
     lua_pushcclosure(L, protected_, 2);
     return 1;
 }
diff --git a/test/excepttest.lua b/test/excepttest.lua
index 6904545..80c9cb8 100644
--- a/test/excepttest.lua
+++ b/test/excepttest.lua
@@ -5,7 +5,6 @@ local finalizer_called
 local func = socket.protect(function(err, ...)
     local try = socket.newtry(function()
         finalizer_called = true
-        error("ignored")
     end)
 
     if err then