Once upon a time there was small island kingdom ruled by king called Mogambo. In his kingdom lived a lady who made great jalebis and was fondly called Jalebi bai. Mogambo always used to shout loudly 'Mogambo Khus Hua' after tasting the jalebis from her shop. Jalebi bai's assistant Cheeni bai was jealous of Jalebi bai because she was not getting any credit for the awesome taste. She deliberately mixed 'julab' tablet in Jalebis one day. That day Mogambo had to run to toilet before he could pronounce his verdict on the taste. He angrily ordered execution of Jalebi bai.
To save her life Jalebi bai ran away to another town and settled in a narrow street known as Saleem's gali. She disguised herself and started selling 'Anar' to avoid detection. However this reduced business of existing merchant Anarkali and she left Saleem's gali in anger. She started going to disco with her savings.
One day Anarkali was at terrace of disco to cool down when she met another lady called Cheekni chameli. Their friendship grew fonder with time and they started having 'pauaa' to save money. In penury, they hatched a scheme to rob rich people who come to disco. They named their scheme 'dil mera muft ka'.
Their first victim was an LIC Agent with name Vinod. Chameli and Anarkali lured Vinod to an isolated place. They robbed every thing except his Amul Macho underwear 'bade aaram se'. Vinod tried to stop them singing a sad song 'kaha chal di, pungi baja ke' to no avail.
Vinod did not want anyone to see him in that condition so he hid himself in a deserted house. Two girls Razia and Munni were walking on the street near the house when suddenly they were surrounded by gundas. Munni managed to release herself from clutches of gundas but Razia could not escape. Munni also hid herself in the house Vinod was hiding. After some time police arrived and rescued both Vinod and Munni. Some people misinterpreted the incident and Munni became badnaam.
After few months Razia finally made an escape from the gundas. She hid herself in a large truck carrying 'fair and handsome'. The driver of the truck looked very similar to one of the photos gunda's kept in their cubicles. She got down from the truck when it stopped in next town. Razia informed police about the suspicious driver and he was soon arrested. It turns out the driver was actually Don and Mogambo had declared large prize for his capture.
Mogambo sent his state police with Razia to help her take revenge against gundas. The state police came to know of entire story of Jalebi bai in due course of investigation. After reading the report Mogambo cancelled execution order against Jalebi bai and ordered her return with full state honors.