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In 1979, police discover a grisly scene at a rural Texas farm, with multiple dead bodies and something horrifying in the basement.
The story flashes back 24 hours to a group led by aspiring adult film star Maxine, who arrives at the farm with her boyfriend Wayne, fellow performers, and a director to shoot a pornographic film. The farm is owned by an elderly couple, Howard and Pearl. Pearl, who becomes fixated on Maxine due to her resemblance to Pearlโ€™s younger self, secretly watches the filming and later tries to seduce Maxine.
As the night progresses, Pearl begins a killing spree, starting with RJ, the director, after he rejects her advances. She kills Wayne with a pitchfork, while Howard locks Lorraine in the basement, where she discovers a corpse. Howard shoots Jackson after luring him to the lake, and Pearl murders Bobby-Lynne by pushing her into an alligator-infested pond.

Maxine escapes Pearlโ€™s advances, frees Lorraine, and confronts the elderly couple. Howard dies of a heart attack after being startled by Lorraineโ€™s twitching body, and Maxine kills Pearl by running over her head with a truck. Maxine drives away, and itโ€™s revealed she is the daughter of a televangelist. The police, finding the aftermath, speculate the film footage will reveal a “fucked up horror picture.”