The disappearance of her old friend, Lila Cerrullo, causes 60-year-old author Elena Greco to reflect on the early days of their friendship in 1950s Naples, when Elena and Lila are two very different girls at the top of their class. When the girls discover the lair of Don Achille, a criminal figure who controls the neighborhood, they decide to confront him.

As fourth grade draws to an end, Elena and Lila fight with their families for the chance to continue their education. Later, a trip out of town becomes a day Elena will never forget, and a death changes things in the neighborhood forever.

Now a teenager, Elena grapples with the onset of puberty, her studies, and her friendship with Lila, who now works in her family's shoe-repair store. After a library awards ceremony reveals what Lila has been keeping secret, Elena learns what her friend's grand plans might be. Lila takes a stand against the dangerous Solara brothers.

Elena returns to Naples to find Lila has made a romantic connection with Stefano, despite the looming presence of Marcello. As Lila embraces a more glamorous life at Stefano's side, Elena warns her about what people are saying around the neighborhood. Later, in hopes of keeping up with her friend, Elena encourages one suitor and rebuffs the advances of another.

With sales of Cerullo shoes lagging, Stefano cuts a business deal with the Solaras against Lila's wishes. After Elena gets kicked out of a class for voicing her opinion, Nino encourages her to write an article for his magazine about her experience. Later, Elena and Lila get unwelcome surprises.

With Lila on her honeymoon on the Amalfi Coast, Elena struggles to handle school and her relationship with Antonio. When Lila returns with visible bruises on her body, the two girls revert to their natural closeness and Lila’s will to take revenge against her husband grows. Elena continues to be bewitched by Nino Sarratore’s charisma but chooses not to mention him to Lila.

Upset that her picture is featured prominently in the new shoe shop Stefano is opening with the Solaras, Lila comes up with a creative solution to deal with the matter and enlists Elena’s help. Though Lila begins working at the Caraccis’ new grocery store, she continues to resent her husband’s business activities and the source of their income. Model student Elena invites Lila to a party at her teacher Ms. Galiani’s house; there, the two girls become acutely aware of the fact that they belong to ever more distant worlds.

Following her formative summer on Ischia, Elena throws herself into her studies and looks towards a future outside of the neighborhood. After a brilliant finals performance, Elena happens upon Lila, who is working at the shoe store and has grand plans for a fresh start. As Elena leaves Naples to commence her prestigious university studies in Pisa, Lila decides to leave Stefano and moves into a modest apartment, but the failings of her plan soon emerge.

With graduation in sight, Elena is overwhelmed by memories of her past and copes by drafting her first novel. Meanwhile, she finds a new suitor in Pietro Airota, the son of an esteemed academic. After Pietro proposes, Elena entrusts him with her manuscript before heading back to Naples, where she reunites with her family and visits Ada, who updates her on the tempestuous events she's missed. Upon receiving some unexpected good news, she sets out to find Lila, whose circumstances have seen a dramatic change.

A nervous Elena introduces Pietro to her family, and, though he instantly charms his future in-laws, Immacolata rejects their plans for a civil wedding ceremony. Months later, Lila falls ill due to the deplorable conditions at the Soccavo factory and makes Elena promise to take care of her son Gennaro if anything happens to her.

Concerned about Lila's worsening health, Elena seeks advice from her future mother-in-law Adele, who encourages her to write an expose on the Soccavo plant and the mounting unrest between rival unions. After several doctors' visits, Lila becomes determined to move back to the neighborhood despite being viewed as a pariah.