Lacking a coherent plot, We're All Riding on a Circus Elephant depicts the collapse of western civilization as a free-form collage advocating group anarchy and actor improvisation. The stage is a boxing ring. Those actors who are "onstage" get into the boxing ring and assault each other with words. Others heckle and cheer at the sidelines, or act as a rhythm-and-blues chorus while changing costumes or wigs. Taking as its coda Andy Warhol's dictum that everyone gets fifteen minutes of fame, actor transformations depict the Breakdown of Japanese values and selfhood due to an obsession with popular American culture.
A man wanders out of the desert not knowing who he is. His brother finds him, and helps to pull his memory back of the life he led before he walked out on his family and disappeared four years earlier.
Bob McGraw is in his 12th year of college, goofing his way through life. Bob, Irwing, Gonzer and Max are the four losers forced and bribed to represent their university in an intercollegiate raft race.