Myra travels to Baagwa where she meets her friend Vishu and tells him about her film idea on Bachchhan Paandey. Vishu gets furious and asks her to leave but is later persuaded to help her with the film. Both Vishu and Myra start to target Bachchhan Paandey's henchmen in an effort to get closer to him. Virgin, one of the goons, tells them about Paandey's former girlfriend Sophie, who was killed by the former. Vishnu and Myra plant a microphone on Virgin to eavesdrop on his conversations with Paandey.

 

Later, Virgin betrays Paandey but is caught and killed by him. Vishu and Myra listen to the murder through the microphone, but are caught by Paandey's gang. Paandey sets out to kill Vishnu and Myra, but agrees to spare them when he discovers that Myra is directing a gangster movie, under the condition that he plays the protagonist of the film. Myra initially doesn't accept, but Paandey kidnaps her producer, and Myra is forced to listen to Paandey's backstory to develop the script.

 

In a flashback, Paandey works for a politician. After a fallout, the politician gets Paandey's former girlfriend Sophie killed. In retaliation, Paandey murders the politician in the hospital.

 

Bachchhan Paandey and his goons don't know how to do acting, so they learn through Bhavesh Bhoplo, an acting coach. Bhavesh hits, threatens, and humiliates Paandey and his henchmen, much to their chagrin. Nevertheless, Myra dissuades them from harming Bhavesh for the sake of the movie.

 

The film is eventually completed and released in the theatres. Bachchhan Paandey and goons initially get excited and promote the film named "BP," thinking it to be the gritty gangster drama that it was marketed as. To their horror, the film turns out to be a comedy that portrays them negatively. On the other hand, Myra's film is proved to be a hit and gets praise from her media and her director who used to often criticize her a lot. Bachchhan Paandey and goons decide to kill her for making his fear in people vanish but later on, refrain from him as Bachchhan Paandey gets evolved by heart and narrates her story that his ears were ringing to hear from her mother calling him and also his fans get impressed by him. Bachchhan Paandey, later on, becomes a star, and Kaandi gives up his habit of watching porn films. Bhavesh Bhoplo becomes the best acting teacher and Bachchhan Paandey gets recognized as a best comedy actor with Myra as best director.