It's 1959 and Broadway producer Max Bialystock (NATHAN LANE) hasn't had a hit in years, meaning he has to finance his latest offerings through little old ladies with big libidos. Leo Blooms (MATTHEW BRODERICK) is the mousy accountant sent to work on his books who's always dreamed of being a Broadway producer. When Leo figures out that one could actually make more money -- from a tax viewpoint -- by staging a flop rather than a success, the unlikeliest of partnerships is born.
Of course, they need a musical that's truly awful, something that has no chance of ever succeeding on the stage. Accordingly, they choose former Nazi turned aspiring playwright Franz Liebkind (WILL FERRELL) and his script for "Springtime With Hitler." Certain it's a colossal flop in the making, they set out to get it on the stage.
After hiring the Swedish amazon Ulla (UMA THURMAN) to work as their secretary and assistant, they hire gay director Roger De Bris (GARY BEACH) and his common-law assistant Carmen Ghia (ROGER BART) to get the ball rolling. From that point on, as they audition performers and then rehearse the musical numbers, Max and Leo do everything in their power to make sure the show flops, unaware of what fate has in store for them.