Syd, who lives with her boyfriend James, goes to complain to her neighbor about the leak in the ceiling. Her neighbor is photographer Lucy Berliner and Syd starts to fall in love with her.
Sydney (or simply "Syd"), age 24, is a woman who has her whole life mapped out in front of her. Living with longtime boyfriend James, and working her way up at the respected high-art photography magazine Frame, Syd has desires and frustrations that seem typical and manageable. But when a crack in her ceiling springs a leak and Syd finds herself knocking on the door of her upstairs neighbor, a chance meeting suddenly takes her on a new path.
Opening the door to an uncharted world for Syd is Lucy Berliner, a renowned photographer, enchanting, elusive, and curiously retired. Now 40, Lucy lives with her once glamorous, heroin-addicted German girlfriend Greta, and plays host to a collection of hard-living party kids. Syd is fascinated by Lucy and becomes drawn into the center of Lucy's strangely alluring life upstairs.
Syd mentions Lucy to her bosses (without realising that she is famous) but they remain uninterested until they realise exactly who Lucy is. At a lunch, Lucy agrees to work for the magazine as long as Syd is her editor. Soon a working relationship develops between the two and a project is underway which promises a second chance for Lucy's career. But as Syd and Lucy's collaboration draws them closer together, their working relationship turns sexual and the lines between love and professionalism suddenly blur. As Syd slowly discovers the darker truths of Lucy's life on the edge, she is forced to confront her own hunger for recognition and the uncertain rewards of public esteem.