Faith is a struggling cateress trying to support herself and her loser boyfriend, Al. At a social function she overhears a friendly wager offered by a socialite. The wager is $250,000 to whomever can have intimate sex with the world's top 10 male lovers within fifty days. Faith accepts the challenge, but discovers complications as she and her official "witness" spend such a long time traveling the globe together.

The story involves a hectic and hilarious chase as Mrs. Leautrec (Juliet Anderson) and her dashing son Paul (Ron Jeremy) stalk three incredibly beautiful diamonds through the ballrooms and bedrooms of Europe, using love and lust as tools of their trade. Hot on the trail of the third and finest diamond, our notorious heroes find themselves at an elegant New York disco where Mrs. Leautrec meets the diamond's owner, Mr. Greenfield, while Paul strikes an unusual sexual bargain with "The Lady in Red" (Samantha Fox). Mr. Greenfield, a multi-millionaire, invites Paul and his mother to his annual masquerade and orgy. As hundreds of masked party-goers publicly pursue their favorite perversions, Paul and his mother are caught in a devious trap, causing them to lose the diamond to another thief (Veronica Hart).

Henri Pachard like Louis Malle is a gifted, prolific, visionary film-maker, Pachard's films idolize women, and skillfully educate the most sophisticated viewer of eroticism (both male and female) with exquisite, and mesmerizing "true to life" encounters.

An attractive but conservative mid-30's housewife stays at the house of her sexually open daughter and soon becomes involved in her daughter's swinger lifestyle.