Well, 'The Prince and Me' is indeed based on a true story. You see, there have been instances in history where individuals from very different social strata, such as a regular person and someone of noble or royal blood, come together. This movie takes that concept and weaves a fictional yet somewhat rooted - in - reality tale around it. It shows how love can bridge the gap between two such disparate lives, much like it might have happened in real - life scenarios involving royalty and commoners.