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Based on the life stories of the eccentric aunt and first cousin of Jackie Onassis raised as Park Avenue débutantes but who withdrew from New York society, taking shelter at their Long Island summer home, "Grey Gardens." As their wealth and contact with the outside world dwindled, so did their grasp on reality.
In the wake of their friends' marriages and eventual offspring, longtime pals Julie and Jason decide to have a child together without becoming a couple. By becoming "time-share" parents, they reason, they can experience the joys of parenthood without significantly curbing their personal freedom. However, when Julie and Jason both become involved with others, they discover that they secretly harbor romantic feelings for each other.
