Valerio Mastandrea is Franz, a night bus driver on the airport route who owes a lot of money from poker debts. He's stumbled upon by the variously named Leila, a thief who has accidentally become wrapped up in a secretive blackmail deal involving the President. As the film unfolds, a secret war between factions of the Security Services, a series of confusions among the various criminal fraternities whose activites have been touched upon by the deal, and Leila's past all complicate the situation.
The vips of italian television disappear in a mysterious way. Two detectives, Lucia and Franco, try to investigate in this mystery, drowning into a strange world, where the leader is the powerful star Sonia Norton.
Inspired by the work of Italian underground comic book prodigy Andrea Pazienza, Paz! is a 24-hour slice of life of a bunch of students living in a flat in Bologna during the 70's, divided between marjuana, university, girls and political activism.