Ed Wood (Johnny Depp) is set on becoming a famous film director. Striking up a friendship with aging horror icon bela Lugosi (Martin Landau, who won an Oscar for the role), Wood uses unusual and often very cheap methods to get his films made. Torn between two women (Patricia Arquette, Sarah Jessica Parker) and his enduring love for crossdressing in pink angora sweaters, he is on his way into the cinematic history books as the creator of "terrible" but bizarrely interesting films, including PLAN 9 FROM OUTER SPACE, often considered one of the worst films in movie history (Watch it. It's fabulous.)