In Lapa, Rio de Janeiro, the idle aspirant writer Zeca has been living with Arts Professor Júlia for five years. He is stuck on page 50 of his novel for a long time and Zeca claims lack of inspiration to conclude the plot. He leads a comfortable life from inheritance left by his mother and administrated by his father Humberto. When Zeca sees Júlia alone with her best friend Carol in his flat, he believes that they are having a love affair and becomes obsessed with Carol, following her. Júlia travels to São Paulo with work giving Zeca the perfect opportunity to have an affair with Carol. So begins his complicated life: while Júlia works and studies for her doctorate, Zeca has sex with Carol during the days and with Júlia during the nights. Zeca plots a scheme to stay with either Carol or Júlia but his plan does not go as he hoped.

Marcelo leaves his family and moves to Mato Grosso do Sul, where he learns how to fly airplanes by himself watching the pilots. One day, he responds the call of a drug dealer and uses his boss' plane to help the man to transport his cargo. He is hired by the drug lord to work transporting drugs in his airplanes. When he is arrested by the Federal Police, he does not rat his gang and the leader of the cartel gives a large amount of money as a bonus and asks him to leave the gang since he is known by the police. Marcelo uses the money to promote a party in the Carnival of Recife pretending to be the son of the owner of the Gol (a Brazilian air flight company). He lures the high-society, including the television presenter Amaury Jr. Marcelo is arrested again and is sent to prison. During a rebellion, he uses his leadership to present the claims of the prisoners and help to control the situation.

The heroes of Golden Oldies 1— Juca, PR, and Montanha — are back, following different routes. Montanha lives in an old mansion and gets ready to reunite with his friends. Once together again, the three friends get into hilarious situations.