A short clip of video may contain progression of multiple events and an interesting story line. A human need to capture both the event in every shot and associate them together to understand the story behind it. In this work, we present a new multi-shot video understanding benchmark \dataset with detailed shot-level captions, comprehensive video summaries and question-answering pairs. To facilitate better semantic understanding of videos, we provide captions for both visual signals and human narrations. We design several distinct tasks including single-shot video captioning, multi-shot video summarization, and multi-shot video question answering. Preliminary experiments show some challenges to generate a long and comprehensive video summary for multi-shot videos. Nevertheless, the generated imperfect summaries can already achieve competitive performance on existing video understanding tasks such as video question-answering, promoting an under-explored setting of video understanding with detailed summaries.