[1] The film follows two con artists, Balasubramanyam "Bala" and Veera, who, despite their chaotic lives, share a close bond and refer to each other as Babai (uncle) and Abbai (son).

To test Bala's character, Vara Prasad Rao gives him ₹25 lakh, with the condition that he spends the entire amount within 30 days without donating or destroying it, and also refrains from meeting Krishnaveni during this period.

Bala embarks on this challenge under Veera's guidance, trying different methods to spend the money, including gambling, racing, making a film, and building a house.

Vara Prasad Rao reveals that the task was not about spending money but about studying Bala's character and showing him the futility of wealth gained through deceit.

Source:[4] Babai Abbai was inspired by the 1954 Telugu film Vaddante Dabbu, which in turn was based on the English novel Brewster's Millions (1902) by George Barr McCutcheon.

However, due to prior commitments, the role was subsequently played by Suthi Veerabhadra Rao, while Velu portrayed the heroine's father.

Most of the cast stayed at the Ocean View Hotel in Visakhapatnam during the production, where a notable scene, featuring Sutti Velu's assistant beating him, was filmed.

In one incident, Anitha, who lacked driving experience, accidentally hit Balakrishna with her vehicle during a scene, resulting in his hospitalisation.