The notorious pirate ruler Madame X places a print ad, calling on women to escape their boring lives and promising "gold, love and adventure" to all who come aboard her ship, the Orlando. A motley crew including a housewife, diva and artist (played by Yvonne Rainer) embark on a quest for self-transformation, which quickly heads towards destruction as they are subjected to Madame X's sadistic, erotic escapades.

In collage sequences, the surrogate of synthetic sensuality takes form and seduces the sailors in the guise of a Hawaiian girl. In ritual punctuation, she distributes deaths which seemingly only the hardy siren Fatality can survive.