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Impotent Mitch Burnett, a supporter of the John Birch Society, and his bisexual wife Liz give a party at their plush San Fernando Valley home. The first to arrive are Dale and Kathy Osborne, strangers to the Burnetts. Insurance agent Dale hopes that he will be able to garner some lucrative contracts from the guests, who are all mate-swappers. Kathy demurs when she learns the nature of the party, but Dale reminds her of his recent business failures, and she reluctantly consents to remain at the party. Irv and Natalie Soberman, the Osbornes' friends, arrive and warmly greet the Burnetts: Natalie hurries in to help Mitch finish dressing, and Irv and Liz kiss passionately. Mike and Thelma Corey arrive with some stag films. The liquor begins to flow, and soon the Burnetts and the Coreys are expounding on the advantages of mate swapping. A round of "spin the bottle" pits Kathy with Mike, and Dale with Natalie for sexual liaisons. Later, Mitch attempts to make love to Kathy, but his impotence hinders him. When all have returned to the living room, the conversation returns to the subject of mate swapping, and Natalie refuses Dale's request for a private rendezvous, explaining that the group only swaps when they are all together. Over coffee, the group decides to head for Howard Johnson's and some 4 a.m. ice cream, and they pile into several cars. Kathy senses the honesty and loneliness of the other couples and joins Mitch and Liz, refusing to ride with her husband, whom she sees as a hypocritical opportunist.