Male-female and female-female sex is shown, no male-male. Hands are frequently shown on vulvas, breasts are kissed and sucked. One scene in a swimming pool plainly shows two instances of fellatio and one of vaginal intercourse, all with visible penetration. Unsimulated cunnilingus is shown, although contact is obscured by pubic hair.

Fetish activity sincludes partner trading, flagellation, eating food off bodies. One segment depicts incest.

Fantasm features frequent nudity throughout with often close up shots of buttocks and breasts of men and women. Fleeting sights of a woman's vagina can be seen, but is heavily masked by pubic hair and shaving cream. There is sight of a man's flaccid penis. The sexualized scenes in the film are strong, but only one scene feature explicit contact.

The entire film is based on, supposedly, sexualised fantasies of women and therefore contains varies scenes of a sexual nature. The sex and nudity is strong and frequent, and takes up more than half the feature's running time.

There is a scene of sexualised violence which features a man grabbing a woman from an alley way, he then drags into a boxing ring before raping her from behind; she is tied and bound with her arms as a man rips off her underwear. Various shots of close sight of her buttocks is shown as the man rapes her from behind.

The woman apparently succombs to enjoy the first assault after which the man stops. He 'assaults' her again, in an apparent scene of rough sex. Her breasts are exposed in this scene which features strong nudity.

One segment shows a woman flagellating a man's rear end, causing minor pain, then penetrating him anally with a large strap-on, which causes him to cry out. This is portrayed as punishment, not consensual.

The film contains strong dialog references to sexual situations and strong references to women's sexualised fantasies. It also contains strong dialog references to incest and rape. Some of this dialog may be offensive to some viewers.

The scenes of sex and nudity are intense.

The scene of a woman being dragged and tied and raped is also intense.