Man leaves his family behind and moves to Nova Iguaçu, a poor and violent city in the outskirts of Rio de Janeiro. He tries to rebuild his life, but falls in love with a woman who despises him, which drives him mad.

Deraldo, a popular poet from Northeast Brazil, arrives in the capital of São Paulo, making a living only from his poetry and pamphlets. All is well until he is mistaken for a multinational worker who killed the boss at a party where he received the title of symbolic worker.

Otavio is an idealistic union leader trying to organize workers at a factory to resist the company's exploitative practices. His son, Tião, one of the employees, is more of a realist and doesn't want to risk losing his job by striking. This clash of perspectives puts the father and son at odds. Fortunately, Tião's mother, Romana, is on hand to act as a moderator between the two opinionated men.

Born a fully grown black man in a village in the Brazilian jungle, Macunaíma later magically transforms into a white man before making an adventure-filled trip to the city of São Paulo. Once there, he becomes something of a dandy, falling in love with Ci, a revolutionary who dies in an accidental bombing. After robbing a ruthless industrialist, Macunaima returns to his village where he finds his newly acquired knowledge and possessions of little use.