The film kicks off with a bold and graphic scene that sets the tone for what's to come. A group of professional thieves, each known by a color-coded nickname (Mr. White, Mr. Pink, Mr. Blonde, etc.), find themselves in a precarious situation after a heist goes terribly wrong. The plot thickens as the characters converge on a warehouse, trying to figure out who among them is a police informant.

The movie centers on eight men who plan a diamond heist that goes catastrophically sideways. The crew, assembled by crime boss Joe Cabot (Lawrence Tierney) and his son "Nice Guy" Eddie (Chris Penn), are strangers to one another and use color-coded aliases to protect their identities:

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