段小楼（张丰毅）与程蝶衣（张国荣）是一对打小一起长大的师兄弟，两人一个演生，一个饰旦，一向配合天衣无缝，尤其一出《霸王别姬》，更是誉满京城，为此，两人约定合演一辈子《霸王别姬》。但两人对戏剧与人生关系的理解有本质不同，段小楼深知戏非人生，程蝶衣则是人戏不分。
段小楼在认为该成家立业之时迎娶了名妓菊仙（巩俐），致使程蝶衣认定菊仙是可耻的第三者，使段小楼做了叛徒，自此，三人围绕一出《霸王别姬》生出的爱恨情仇战开始随着时代风云的变迁不断升级，终酿成悲剧。
Two boys meet at an opera training school in Peking in 1924. Their resulting friendship will span nearly 70 years and will endure some of the most troublesome times in China’s history. “Farewell, My Concubine” is a movie with two parallel, intertwined stories. It is the story of two performers in the Beijing Opera, stage brothers, and the woman who comes between them. At the same time, it attempts to do no less than squeeze the entire political history of China in the twentieth century into a three-hour time-frame.【G5V.NET】
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