At last filmmaker Otto Spalt wants to do what he has always dreamed of: the time has come to make his big feature film. There's just one little thing he still needs: the money. At the 189th board meeting of the Executive Committee for the Evaluation of Film Projects the combined expertise of a grotesque jury will decide Otto's future film. Will Otto manage to convince the panel of his artistic talent? Otto Spalt is relying wholly on the effects of his five short films, which he duly presents to the illustrious tribunal: a lavish production involving 5000 actors ("Phantom"), a sensitive melodrama addressing the question of the right direction in life ("Backwards"), a duel with the inherent violence of the flesh ("Meat Ball Pauli"), a breathtaking action-packed thriller ("Murder By Scissors") and a sizzling tale of espionage about micro- and potato-chips ("Close Up") are calculated to open the eyes and the purse of the Film Productions Committee.