After the plans of a group of college students to cheat on their final exams goes awry, they're left to reassess their lives and educations and get back on track.

Fujio is beautiful, talented, well-heeled, and engaged to up-and-coming diplomat Munechika. She has promised him a gold watch, a family heirloom, as an emblem of their engagement. However, she becomes enamoured with Ono, a student employed to tutor her in English, who is attracted by her beauty and wealth. Ono himself is bound by an engagement to Sayoko, daughter of his mentor, Professor Inoue.

Graduate Okajima finds his old-fashioned beard makes life difficult in a comedy exploring the tension between tradition and modernity.