The Muller company organizes a reception to mark the launch of a new product. During the evening, we discover that this is actually a coaching exercise for company executives. Gradually, rumours about the upcoming acquisition of the company start to emerge and everyone finds themselves trying to save their place.

One day, on a whim, Marc decides to shave off the moustache he's worn all of his adult life. He waits patiently for his wife's reaction, but neither she nor his friends seem to notice. Stranger still, when he finally tells them, they all insist he never had a moustache. Is Marc going mad? Is he the victim of some elaborate conspiracy? Or has something in the world's order gone terribly awry?

Jacques Laurent made pornographic films in the 1970s and '80s, but had put that aside for 20 years. His artistic ideas, born of the '60s counter-culture, had elevated the entire genre. Older and paunchier, he is now directing a porno again. Jacques's artistry clashes with his financially-troubled producer's ideas about shooting hard-core sex. Jacques has been estranged from his son Joseph for years, since the son first learned the nature of the family business. They are now speaking again. Joseph and his friends want to recapture the idealism of 1968 with a protest. Separated from his wife, Jacques strives for personal renewal with plans to build a new house by himself...