Pancham's love interest, Monica, receives an offer of astronomical proportions to be the 'item' in a dance number at a New Year party. This gala event is thrown by a liquor king's right hand Kamachi. To add to the chaos, the king falls in love with Monica. Meanwhile, a channel is trying to do sting operation during their New Year party to prove involvement of a politician in the liquor king's illegal business. The journalist disguises herself as Monica to record the underhand deals. Kamachi realises that Monica is an impostor and starts looking for her, sparking off a hilarious and complex sequence of events.

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