The Yellow Balloon is a horror–comedy about a group of friends retreating to a remote cabin after a painful breakup, only to encounter a sinister carnival figure known as Ringmaster Vincent Vile. Through cursed yellow balloons and hypnotic media, Vincent amplifies hidden desires and emotional fractures, turning repression into violence. As possession spreads and escape becomes impossible, the group must confront both a supernatural force and the parts of themselves that allow it to take hold.