Magazine reporter Jonathan Fisher (Christopher Reeve), in danger of losing his job, promises to write a hard-hitting story on prostitution. When no one on the street will talk to him, he fabricates a story of a pimp that is so well-received it puts his career back on track. However, the police and the district attorney think the story is of a real pimp who is wanted for murder and start pressuring him to reveal the identity of his subject. Fast Black (Morgan Freeman), a pimp and police suspect, also believes that the story is about him and wants to know who betrayed him to Jonathan. From there a battle of wits and wills ensues between Jonathan and Fast Black, in addition to Jonathan becoming involved with one of the pimp's call girls, Punchy (Kathy Baker).
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