Once upon a time there was a country known by the name of Laura Molloy. Laura Molloy was the name of this country. Only women lived in Laura MolloyEsmeralda del Rio was a woman. One day Esmeralda del Rio had the idea to undergo a series of transformations, which were to take her very far. So far did she go that she had no way of knowing how far she had gone. Two things were certain: Esmeralda del Rio was blond and in her own way she practiced a kind of magic which I would like to call 'blond magic'.

The notorious pirate ruler Madame X places a print ad, calling on women to escape their boring lives and promising "gold, love and adventure" to all who come aboard her ship, the Orlando. A motley crew including a housewife, diva and artist (played by Yvonne Rainer) embark on a quest for self-transformation, which quickly heads towards destruction as they are subjected to Madame X's sadistic, erotic escapades.