An unofficial sequel to the movie "Ivan Vasilyevich Changes His Profession". The events take place on New Year's Eve 1997-1998, 24 years after the events of the movie. According to the plot, the main characters (Shurik, Bunsha, Zina and Ulyana Andreyevna) are going to celebrate New Year's Eve, and the engineer Alexander Sergeyevich Timofeev (Shurik) decides to present his recreated (and modernized) time machine to the guests. Having gone to the XVI century, they find there an aged Georges Miloslavsky, who has been sitting as regent for 25 years instead of Ivan the Terrible, who has run away; the Tsar was so inspired by the profession of Zina and Yakin that he decided to try his hand at filmmaking and went to "Mosfilm" instead of the Tsar's chambers. In an effort to correct the disruption of the course of history, the heroes re-engage the time machine and travel back to the 1970s in search of the Tsar, who dreams of becoming an actor.

In Russia in the late 1960s, Elena will do anything to see that her son Yuri succeeds as a pianist: she longs for him to win a competition that will send him to Paris. To ensure his success, she denies her love for an iconoclastic painter for whom she models, prostitutes herself to a Party figure, encourages her son to break with his true love because the girl is a Jew, and, in general, behaves in paranoid ways, believing, for example, that a new lodger, Evgeny, is a KGB spy. She also has her own family secrets, which she will go to any length to keep her son from learning.

A large company from Siberia invites top stars of Russian show business to a New Year's corporate party. The artists agree and board the plane, but life makes its own adjustments - from the airport, a bus takes them to a small village in the snow, where they are met by the head of the local village council. The stars are in for some tough tests: Svetlakov and Brekotkin will test their friendship for strength, Klava Koka will be left without social networks, Olga Buzova will end up in a large family of Evenk hunters, and Timur Batrutdinov will drink a love potion in the house of a Siberian healer.