I'm pretty sure I read this back when it came out and caused a stir, but I wasn't certain (probably not a good sign) so I thought, "Eh, why not?" Wow. Seriously? This book wasn't funny. It was just sad. I only had sympathy for one character, and he got royally screwed in the end.
Nanny is a grad student in child development at NYU who lives in a shoebox apartment and works as a nanny to afford said education and living quarters. She gets picked up in Central Park one day by Mrs. X, who wants her to watch darling Grayer a few days a week. Predictably, it turns into Nanny-as-indentured-servant as Mrs. X flits from salon appointment to charity function and Mr. X fucks a girl from the Chicago office. Nanny falls for Hot Rich Guy Who Goes To Harvard And Lives In The Xes' Building. Grayer, whom Nanny calls Grover, is largely ignored by everyone but her. She is the only shining light in his existence. (Wait, I just heard Handel's Messiah.) Of course, she gets too close to Grayer and Mrs. X fires her while Grayer wails in the background. The end.
It wasn't cute. It was about a bunch of self-centered New York assholes who essentially give birth to expensive accessories, whom they hand off to students and immigrants. Maybe someone should have advised McLaughlin and Kraus to stick with childcare.