A KGB agent comes to California to meet Jane Fonda and prepare for a Russian takeover of the US. After losing his papers, he connects with a band of homeless, overweight, and over-the-hill transvestites and becomes a punker in a Chinese restaurant owned by an elderly transexual, Madame Wang.

A young hustler tries to get drug money by selling a boy to a middle-aged man; his plans are disrupted when the kid dies.