Equal parts punk and psychedelia, the Flaming Lips emerged from Oklahoma City as one of the most bracing bands of the late 1980s. The Fearless Freaks documents their rise from Butthole Surfers-imitating noisemakers to grand poobahs of orchestral pop masterpieces. Filmmaker Bradley Beesely had the good fortune of living in the same neighborhood as lead Lip Wayne Coyne, who quickly enlisted his buddy to document his band's many concerts and assorted exploits. The early footage is a riot, with tragic hair styles on proud display as the boys attempt to cover up their lack of natural talent with sheer volume. During one show, they even have a friend bring a motorcycle on stage, which is then miked for sound and revved throughout the performance, clearing the club with toxic levels of carbon monoxide. Great punk rock stuff. Interspersed among the live bits are interviews with the band's family and friends, revealing the often tragic circumstances of their childhoods and early career.

The film tells the story of the experiences of Major Syrtis during the first Christmas on a newly-colonized Mars. Coyne has described the film as "Maybe Eraserhead or Dead Man crossed with some kind of fantasy and space aspects, like The Wizard of Oz and maybe A Space Odyssey, and set at Christmas-time. The story that unfolds is intended to hint at childlike magic within a tragic and realistic situation."