Oscar. Tango. Hellwater. is a horror re-imagining of William Shakespeare's Othello. After losing his strongest employee to a gruesome bear attack, Ottoman Moore is forced to accept the help of a mysterious trio, led by Egon Carthwright, a travelling preacher. The newcomers arrived early for their duties of setting up the town fair in order to trap the murderous bear let loose by a sympathetic amuser from the town prior. Ottoman's life is slowly unraveled as he begins to suspect his wife Daisy of having an affair with one of his employees.

After losing both her job and boyfriend, Jamie retreats to her small Texas hometown where friends and flings from a fateful high school summer turn her life upside down.