Jerry Lundegaard is in a financial jam and, out of desperation, comes up with a plan to hire someone to kidnap his wife and demand ransom from her wealthy father, to be secretly split between Jerry and the perpetrators. Jerry, who is not the most astute of individuals, hires a couple of real losers from the frozen northern reaches of Fargo, North Dakota for the job. Then things begin to slip from bad to worse as Jerry helplessly watches on.