"The Fall" depicts certain scenes in New York City between October 1967 and March 1968, shot by the independent filmmaker, Peter Whitehead. It is a very personal documentary, and Whitehead appears in a large number of scenes, and we hear his lengthy ruminations on the state of the United States and the war in Vietnam.

A writer awakens one day to find a strange but beautiful woman in bed with him. He quickly falls in love with her, thinking he has found his muse, but as time passes she becomes more and more unattainable.