Set in present-day Reykjavík, Fiasco draws a narrative circle of interconnecting stories in which three members of the Bardal household deal with the secret loves in their lives. Karl, an old age pensioner, is busy chasing after an amnesic old screen legend. Julia, Karl's granddaughter, is torn between a mediocre bank manager and a wild sailor, and tells them both she is pregnant. But is she really? Steingerdur, Julia's mother, has a wild crush on a preacher who has a serious drinking problem, and ends up with a dead stripper in his Jacuzzi. The characters cross each other as the film progresses, until the three interwoven strands of the story finally come together in an explosive and hilarious crescendo full of surprises.

Fiasco

The dentist Oscar has been married for five years and lives with his wife and adopted children. On the surface everything seems to be fine but Oscar is not a happy man. His wants a baby of his own flesh and blood but it's not working out. When he finds out that his wife has been deceiving him all these years he decides it's time for a change. Einar is a stockbroker who is very successful at work but not in his personal life. For the last couple of months Einar has been living at a hotel waiting for his wife to realize the terrible mistake she made by throwing him out. Katrin Rose returns from Sweden where she has lived for eight years. In Iceland Katrin has an eleven-year-old son, brought up by his grandmother and now Katrin wants him back. Katrin gets a job as a dentist's assistant intending to make a fresh start but her troubled past catches up with her.