Set during one long evening on New Year's Eve set in 1981 in New York's Lower East Village, which follows a dozen 20-something people going (but not really trying) to a New Year's Eve loft party while dealing with their life problems. They include Kevin who doesn't look forward to the new year since his girlfriend Ellie dumped him. So, his more outgoing friend Lucy persuades Kevin to have some excitement of their own. Monica, the neurotic party hostess, worries about anyone showing up while dealing with her hip friend Hillary and her Irish, artist ex-boyfriend Eric. Across town, Stephie and Val are two wise-cracking, Long Island teens who wander around SoHo after getting lost while looking for the party and end up in a punk rock club where they are befriended by two punks named Tom and Dave. Meanwhile, Cindy is a naive and dim-witted klutz who goes out on a date with Jack whom she had a one night stand the previous night, while he turns out to be a commitment shy Lothario who hides from his many girlfriends they frequently run into. And two of Eric's former girlfriends, Kaitlyn and Bridget, hunt for dates for the evening and flirt with a local bartender and a disco cab driver that pops up from time to time.