In the northern Chinese city of Manzhouli, they say there is an elephant that simply sits and ignores the world. Manzhouli becomes an obsession for the protagonists of this film, a longed-for escape from the downward spiral in which they find themselves.

During the Japanese occupation of China, two prisoners are dumped in a peasant's home in a small town. The owner is bullied into keeping the prisoners until the next New Year, at which time they will be collected. The village leaders convene to interrogate the prisoners. The townspeople then struggle to accommodate the prisoners. One is a bellicose Japanese nationalist, the other a nervous translator. Will the townspeople manage to keep the prisoners until the New Year?