We've got no clue why this movie is named so - there are no blue eyes anywhere. And as is usual in these theaters and such films, the projector guy did some editing of his own, so we can tell you only what we gathered through the bits and pieces that made sense.
Roger Everett is the head of a big MNC, and he has big plans for expansion. There is this guy called Jim Lomax who is some kind of art director. Jim's friend works for Roger, and gets Jim a job. Somewhere along the way, Roger realizes that Jim is the guy who's been sleeping with his wife Carolyn. They have an ego clash, and ....