It's 1933, and eight young women are friends and members of the upper-class group at a private girl's school, about to graduate and start their own lives. The film documents the years between their graduation and the beginning of the World War in Europe, and shows, in a serialized style, their romances and marriages, their searches for careers or meaning in their lives, their highs and their lows.

When a crooked sheriff murders his employer, William "Billy the Kid" Bonney decides to avenge the death by killing the man responsible, throwing the lives of everyone around him into turmoil, and endangering the General Amnesty set up by Governor Wallace to bring peace to the New Mexico Territory.