While scouting out apartments in London for her Venetian boyfriend, Carla rents an apartment overlooking the Thames. There, she meets a real estate agent by the name of Moira.
Inspired by the work of Italian underground comic book prodigy Andrea Pazienza, "Paz!" is a 24-hour slice of life of a group of university students sharing a flat in 1970s Bologna, grappling with drugs, classes, girls and half-hearted political activism.