An investigative journalist gets hooked on the subject of his inquiry — organized gambling.

Paul Snider is a narcissistic, small time hustler who fancies himself a ladies man. His life changes when he meets Dorothy Stratten working behind the counter of a Dairy Queen. Under his guidance Dorothy grows to fame as a Playboy Playmate. But when Dorothy begins pursuing an acting career, the jealous Paul finds himself elbowed out of the picture by more famous men.

Playboy Video Magazine was literally a video version of the publication. It included candid celebrity interviews, video editorials, the trademark playmate pictorials, interwoven with commercial parodies and short comedy sketches. The series also covered trends in media; sex, politics, culture, and pop culture.