Eddie, a cocaine-addicted womanizing casting director, lives in the Hollywood Hills, where his friend Mickey has come to stay with him temporarily after a fallout with his wife. Along with their buddies, Artie and out-of-work actor Phil, Eddie and Mickey live a life of decadence and immorality. Eddie is in love with Darlene, but she is also seeing the married Mickey. Eddie comes to question his lifestyle and purpose, while Mickey is content with his situation. Through a haze of drugs and booze, the four friends inch closer to rock bottom.