The editor of a weekly scandal sheet gives her crack female reporter 24 hours to find out what's going on in the life and work of cross-dressing Ted Bent, a director of adult films who's become secretive and elusive as he works on discovering his female side. She goes to the studio where he's shooting a new film ("The Return of the Golden Oyster") and talks her way past Ted's formidable female bodyguard. Ted lets the reporter stay on the set in exchange for her playing a part in the film. By the end of the shoot and in time for her deadline, she's played her part and she has her story. What will she do with it?