Jon Rubin, vétéran de la guerre du Viêt Nam, est engagé par un producteur de films pornographiques afin de filmer ses voisins d'en face dans les moments les plus intimes.
Le film raconte l'histoire d'un réalisateur de film pornographique, M. Ogata, dont l'activité est menacée par les voleurs, le gouvernement, et par sa propre famille.
Prior to the opening credits we see portions of the stag film that is shot in the course of the movie. Voices are overheard that make it apparent that men and women are watching this in the present day. At the end a man complains that there was no "Come shot", something that will later develop into a plot point.
A group of four misfits, Argyris, Andreas, Marina, and Sofia, live together in a house. Argyris just got out of jail. All four have become disillusioned with life and have lost any reason to live or die. They try all criminal experiences with each member of the group choosing a different activity to experiment in: frequenting expansive restaurants and leaving without paying, shoplifting, starring in pornographic films, and creating an anti-state organization. The authorities put them under surveillance, waiting for the slightest false step from any of them before acting violently. The first such misstep occurs when Sofia kills the police chief who monitors their home.
August, un prêtre missionnaire de 32 ans, apprend la mort de sa sœur Christina, ancienne star du porno connue sous le nom de « The Princess », qui a succombé à une overdose après des années de déchéance. Il recueille la fille de Christinia, Mia, âgée de cinq ans. August entame alors une sanglante recherche pour venger Mia et détruire tout le matériel pornographique montrant « The Princess ».
Jean-François, dit « Jeff », débarque un soir sans prévenir chez son vieux copain Ben Azuelos. Ce dernier ayant une vie trop rangée, Jeff l'entraîne alors dans une fête. Durant la soirée, le sujet du porno amateur est évoqué. Jeff et Ben se lancent alors un pari : ils coucheront ensemble devant une caméra. Le lendemain, ils ne peuvent se dégonfler…
Two heterosexual male friends Ben (Duplass) and Andrew (Leonard) meet after having not seen each other for 10 years. During a party, they find themselves locked in a "mutual dare" situation engaging to make a gay pornography film, including anal sex, as an "art project" between two straight guys and submit it to the HUMP! film festival. They do not decide yet who will penetrate whom. Ben tells Andrew that he will discuss the project with his wife Anna (Delmore). However, as Ben begins to describe the project to Anna, she reacts skeptically at the mere mention of amateur pornography. Ben finds himself lying to Anna; he talks about the project with only vague detail, telling her that he will likely act as a behind-the-scenes assistant to the hypothetical film crew.
The story opens in London in 1992. Paul Raymond (Steve Coogan) returns to his flat after attending the funeral of his daughter Debbie (Imogen Poots). Raymond plays a videotape of a TV programme he and Debbie took part in and reflects on their lives.
Driving through New York City in his Sexmobile, Dr. Harrison Rogers of the Bureau of Sexological Investigation searches out luminary figures in the world of sex. According to the movie, the answer to the title question is: "No, only affection".