One Christmas Eve three people, a middle-aged alcoholic named Gin, a former drag queen Hana and a dependent runaway girl Miyuki, discover an abandoned newborn while looking through the garbage.

When a machine that allows therapists to enter their patient’s dreams is stolen, all hell breaks loose. Only a young female therapist can stop it: Paprika.

A movie studio is being torn down. TV interviewer Genya Tachibana has tracked down its most famous star, Chiyoko Fujiwara, who has been a recluse since she left acting some 30 years ago. Tachibana delivers a key to her, and it causes her to reflect on her career; as she’s telling the story, Tachibana and his long-suffering cameraman are drawn in.

Mima Kirigoe is a singer who leaves her trio to become an actress, a career move that angers her fans, who prefer to see her as the pop idol. Plagued by self-doubt and tormented by humiliating compromises, she begins to be stalked, in her waking and sleeping moments, by an alter ego who claims to be “the real Mima”, until she collapses into madness as her coworkers are brutally slain around her.