Markov the Magnificent is a magician who travels with a run-down carnival. Times are tough, and attendance at the carnival is dwindling. His act gains renewed attention when the audience witnesses his partner, Alex, a chimpanzee, seemingly conversing with him. Markov possesses telepathic abilities that allow him to communicate with Alex, a secret the rest of the carnival staff soon discovers. When the carnival's unscrupulous manager learns of this, he sees an opportunity to exploit Markov and Alex for financial gain, despite Markov's reluctance. The situation becomes tense as other carnival performers and workers start showing interest or concern over the ethically questionable treatment of Alex.

Conflicts arise as a young woman working at the carnival becomes suspicious of the motives behind the sudden emphasis on Markov's act. She bonds with Markov and Alex, uncovering more about their unique relationship and the pressures they face. Amid escalating tension and the manager's increasing greed, interpersonal dynamics within the carnival grow strained. Markov must weigh the benefits of his growing popularity against the well-being of his beloved chimpanzee partner.