A tale of three women who have reached a turning point in their lives. Delia is a spirited, working-class woman from a small town in New York who leaves her abusive husband and sets out on a journey to reclaim the power she has lost. Greta is a sharp, spunky editor who is rotten with ambition. To spite the hated infidel ways of her father, she has settled into a complacent relationship and is struggling (not too hard) with issues of fidelity to her kind but unexciting husband. Finally Paula, who ran away from home and got pregnant, is now in a relationship she doesn't want. She's a troubled young woman who takes off on a journey with a hitchhiker after a strange, fateful encounter on a New York street.

Phar Lap, the legendary Australian racing horse, is as well-known today for his mysterious death as for his fabulous accomplishments in life. Beginning at the end, the film flashes back to the day that Phar Lap, despite his lack of pedigree, is purchased on impulse by trainer Harry Telford. Phar Lap loses his first races, but Telford's faith in the animal is unshakable. Suddenly the horse becomes a winner, thanks to the love and diligence of stableboy Tommy Woodcock. American-promoter Dave Davis arranges for Phar Lap to be entered in several top races, where his "long shot" status results in heavy losses for the professional gamblers. Just after winning an important race in Mexico, Phar Lap collapses and dies; though the film never comes out and says as much, it is assumed that the horse was "murdered" by the gambling interests.

An ex-office worker becomes a ventriloquist, leading to a date with his unemployment counselor; but his quirky family and a gauche female friend may thwart his new career and love life.