An anthology film retelling the story of the famous Studio 54, a hot disco hangout for the social elite of New York. The movie follows several characters at once, some of whom are in desperate straits and on the verge of crashing. An anthology film retelling the story of the famous Studio 54, a hot disco hangout for the social elite of New York. The movie follows several characters at once, some of whom are in desperate straits and on the verge of crashing. Parental Guide