Former child star Joe Davis, reduced to living in a cheap Hollywood motel while struggling for acting jobs, is lusted after by nearly every woman he meets, including Jessica Todd, a tightly wound feminist who has recently come out as a lesbian. When Jessica's mother, Sally, an emotionally needy has-been actress, meets Joe, she moves him into her enormous, tacky mansion as her new boy toy and attempts to get him acting work.

This documentary on rock 'n' roll groupies, including the infamous Plaster Casters, features performances (musical) by such bands as Ten Years After, Terry Reid, Spooky Tooth, and Cat Mother.

The movie follows Joe, a heroin addict, throughout his quest to score more drugs. The episodic plot occurs over a single day and centers on Joe's problematic relationship with his on-off, sexually frustrated girlfriend. During the course of the day, Joe overdoses in front of an upper-class couple, attempts to fool Welfare into approving his methadone treatment by having Holly fake a pregnancy, and frustrates the women in his life with his drug-induced impotence.

Photographed entirely in color, Four Stars was projected in its complete length of nearly 25 hours (allowing for projection overlap of the 35-minute reels) only once, at the Film-Makers' Cinematheque in the basement of the now-demolished Wurlitzer Building at 125 West 41st Street in New York City. The imagery in the film is dense, wearying and beautiful, but ultimately hard to decipher, for, in contrast to his earlier, and more famous film Chelsea Girls, made in 1966, Warhol directed that two reels be screened simultaneously on top of each other on a single screen, rather than side-by-side.

Warhol's Factory visits Los Angeles.