Belat (Vice Ganda) lives with his mother Fec (Jaclyn Jose) and three adopted brothers Daks (Ronnie Alonte), Pepe (Edward Barber), and Junjun (Donny Pangilinan) in a carnival called Perya Wurtzbach. Everyone has given up on the perya except for Belat, but all his efforts to revive it proved futile. To make matters worse, the Korean Nam family wants to kick them off the land. Belat's best friend Dong (Dingdong Dantes), the eldest Nam son, is helpless in stopping his family's greed, worsening the rift between them. Meanwhile, Belat meets an old friend, Prince Pryce (Richard Gutierrez), who is looking for the lost princesses Rapunselya (Loisa Andalio), Maulani (Maymay Entrata), and Ariella (Kisses Delavin) of the magical land named Fantastica. Prince promises to rebuild the perya if Belat helps him find the lost princesses. Will Belat be able to save the princesses before evil creatures and characters wreak more havoc on Fantastica and on the perya?