A group of teenage friends embark on a series of sexual misadventures, including voyeurism, seduction, and masturbation, in their quest to lose their virginity.

Thanasis, a cotton candy vendor from Athens, has been caring for little Melissa since she was a baby when her mother, an immigrant prostitute, thought it best to leave the girl behind while seeking fortune in America. Her unexpected appearance five years later has traumatic consequences when she takes her child away from Thanasis and leaves. Thanasis decides to travel to America in the hope of seeing her again.

LADY AMERICA is a metaphor dreaming/fantasizing about the ultimate American life. An immigrant arrives to live with his cousin in an apartment building where he falls in love with a beautiful blonde girl who lives above them. He begins to fantasize about her and when his infatuation becomes unbearable he decides to profess his love to her only to get rejected. Desperation drives him to be a "peeping tom" only to get caught and humiliated. His only way out of his torment and embarrassment is to return to his homeland.