The story follows Eleanor, an aspiring hat designer, and a group of artists and models in the "downtown" New York City art world. Eleanor lives with her younger boyfriend Stash, an unknown artist, who is unfaithful and treats Eleanor with careless indifference. Eleanor expresses her feelings for Stash when she tells him that she was once attracted to him because he was dangerous. She stays with him despite the crumbling relationship because she has nowhere else to live—she is, in effect, a "slave."