Franny (Amanda Plummer), an absent-minded American girl, is in Lisbon to deliver an important package. Unfortunately she has lost the address and only knows that the recipient's name is João. When she meets an old prostitute, Esmeralda, the two join forces and begin cruising the town at night, across the streets and the local bars, meeting Lisbon's unconventional night fauna, to try to find João.

In 1983, little João Amaral Severo asks his father to go to the circus. His father, and army captain who had been recently widowed, refuses to take him under the pretext that the circus would draw his attention away from his studies. Ten years later João is a student in the Military College, and is tired of the harsh discipline imposed by his father and decides to join a travelling circus that stops in his hometown, Alcochete. From then on João, alone and free to live his life the way he wants, finds a world of magic, the love of Dolores (a young trapeze artist) and the family he never really had. Until a twist of fate turns João into a father...