Plot: In Budapest, the Hungarian Revolution of 1956 is beginning while the water polo team is training for the Melbourne Olympic Games. The player Karcsi Szabó meets the revolutionary student leader Viki Falk and they fall in love for each other. When the Soviet force withdraws Budapest, Karcsi decides to rejoin the team and travel to Melbourne to participate in the Olympic Games. However, a larger Soviet force returns and invades Budapest, killing thousands of Hungarians and suppressing the resistance. Meanwhile, Karcsi and his team dispute the "Blood in the Water" match against the Soviets.
Alternative Plot: During the 1956 Olympic games the Hungarian and Russian water-polo teams face off.
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