Jane Fonda stars as Alexandra Sternbergen, a washed-up, alcoholic actress who performs under the stage name Viveca Van Loren, and she wakes up on Thanksgiving 1986 beside the bloodied body of a sleazy photographer named Bobby Korshack in his Los Angeles loft. Suffering a heavy hangover, she cannot recall the events of the night before, and in a desperate bid to make sense of what happened she phones her estranged husband, Raúl Juliá as Joaquin "Jacky" Manero, a salon owner, who insists she report the crime to the police. Refusing to go quietly, Alexandra tries to flee the city, only to be stymied by the crush of holiday travelers and the sense that the truth might slip away with the crowds.
In a tense twist of fate, a chance encounter in a parking garage leads Alexandra to a ride downtown from Turner Kendall, a former police officer who has his own scars from a life in the force. Jeff Bridges brings a wary, protective energy to the role as Turner Kendall, a man who becomes drawn into Alexandra’s perilous morning-after scramble. He claims to have tracked her down using a clue—a matchbook with Bobby’s studio address—yet he also suggests that he could be involved in a larger sense of danger surrounding her. What begins as an uneasy alliance soon turns into a fragile partnership as Alexandra invites Turner into her apartment for a makeshift Thanksgiving dinner, hoping to piece together the night’s events. The pair share a moment of tense camaraderie, and when it ends, Alexandra collapses into bed while Turner heads out, leaving behind a sense that a dangerous balance has been struck between them.
Morning arrives with a shocking discovery: Bobby Korshack’s body has appeared in Alexandra’s shower, forcing her to flee once more. Turner returns to check on her, and together they navigate a deadly atmosphere of suspicion and fear. Withdrawals pressure Alexandra, and Turner drives her to a convenience store to buy beer as she begins to tell him the truth about what she remembers. She confesses, fully aware that her ex-husband’s past domestic assault conviction would undermine any chance of honest belief from the authorities. The air between them grows taut with paranoia, and when Alexandra seeks disguise, she turns to her friend Frankie, a drag performer. James 'Gypsy' Haake brings Frankie to life as a crucial ally who helps her change outfits and blend into a world that isn’t eager to listen to her side of the story.
As Turner's scrutiny intensifies, he interviews Bobby’s neighbor, who recalls seeing Alexandra in a drunken frenzy the night of the murder. With the net closing in, Alexandra seeks refuge at Jacky’s salon, where he and his staff begin to fashion a plan to obscure her identity. Jacky’s apparent calm is punctured when he hosts a dinner with his new lover, socialite Isabel Harding, a revelation that heightens the danger around Alexandra. Diane Salinger plays Isabel Harding, a figure whose glamorous exterior conceals a hazardous secret. The dizzying evening takes a dark turn when Turner unexpectedly appears at the dinner, and chaos erupts as Jacky incapacitates Turner with a vase in a bid to protect his own secrets.
The plot thickens as it’s revealed that Isabel had murdered Bobby Korshack, and Jacky had framed Alexandra to shield her from legal peril. In a brutal sequence, Jacky tries to drown Alexandra in a bathtub to silence her, while a remorseful Isabel looks on. Turner, who regains consciousness, intervenes by shooting and wounding Jacky, saving Alexandra from a fatal fate. Police arrive as the tangled web begins to unravel, and Isabel turns on Jacky, insisting the police recognize Jacky as the killer. In the aftermath, Alexandra visits Turner in the hospital, confessing that she has not had a drink in two days, and Turner shares that he is a recovering alcoholic himself. When he asks her to leave, she resists at first, only to return to his bedside and declare that he makes her happy, signaling a fragile but hopeful connection amid the smoke of everything that has happened.
Throughout this harrowing Thanksgiving arc, the film threads together fear, memory, and trust, pulling Alexandra toward a possible new life with Turner while forcing her to confront the consequences of a night she cannot fully recall. The tension between love, addiction, and self-preservation sits at the heart of the story, leaving questions about who can be believed and who must be protected as a precarious future begins to take shape.
