Kaagaz Ke Fools is the story of an aspiring writer, Purushotam (Vinay Pathak) who won?t alter his works to suit popular tastes and hence, finds it difficult to get his novel published. This irks his wife Nikki (Mugdha Godse), who wants him to be successful and keeps nagging him .
This leads to constant fights between the two. Frustrated of the fights that flare up at home every night, Purushotam walks out of the house to get himself a drink, but lands himself instead, at a bar where he not only finds alcohol, but a hidden gambler?s streak and a prostitute Rubina (Raima Sen).
A loyal husband, Puru doesn't give into advances from his new found friend, but spends days with her trying to avoid retuning home. When Nikki finds out about Rubina she wants a divorce but Purushotam is innocent and Rubina is a just a friend for him. The his luck changes as he wins a lot of money while gambling but will Nikki have him back?