The story involves a hectic and hilarious chase as Mrs. Leautrec (Juliet Anderson)
and her dashing son Paul (Ron Jeremy) stalk three incredibly beautiful
diamonds through the ballrooms and bedrooms of Europe, using love and
lust as tools of their trade.
Hot on the trail of the third and finest diamond, our notorious
heroes find themselves at an elegant New York Disco where Mrs. Leautrec
meets the diamond's owner, Mr. Greenfield, while Paul strikes an unusual
sexual bargain with "The Lady in Red" (Samantha Fox).
Mr. Greenfield, a multi-millionaire, invites Paul and his mother to
his annual masquerade and orgy. As hundreds of masked party-goers
publicly pursue their favorite perversion, Paul and his mother are
caught in an incestuously devious trap, causing them to lose the diamond
to another thief (Veronica Hart).