Peter and Katherine are a typical couple of California yuppies. They want to be cool, the want to indulge themselves, they live lavishly on their credit cards, and they hold "spiritual values" above wealth and work. Unfortunately, when their careers go down the toilet during the recession in the early 1990s, they fall upon hard times. They try to start an independent business, but their easy and hedonistic lifestyle prevents them from putting in the blood, sweat, and tears that are required for success in retail. Their spiritual values are of no help when things get rough, because their "New Age" values are really just a justification for selfishness and egocentricity.
The movie is the story of their loss of innocence. To get their lives back on track, they have to work hard at jobs that simply are not cool. Their elitist attitudes must give way to sacrifice and common sense. It is not clear whether this is a triumph or a tragedy for Peter and Katherine. That is left up to the viewer in this one.