This Australian crime drama chronicles the life of notorious, keen witted, acid tongued 1920s Melbourne gangster Squizzy Taylor. Wormy and diminutive, yet cunning and determined small-time hoodlum Squizzy Taylor rises to prominence and popularity in Melbourne, Australia in the 1920's. Squizzy romances brash moll Dolly and works for bookie Henry Stokes before branching out on his own while being hounded by the police and courted by the press the whole time.
A journalist sets out to report on a minor earthquake in the Australian outback, and finds that the tremor was a result of a small nuclear explosion - part of an extortion threat that has the government fearing nuclear blackmail. With the help of local reporters, and despite the harassment of the security agencies, he sets out to avert the crisis.