As graduation nears for the class of 1955 at Angel Beach High, the gang once again faces off against their old enemy, Porky, who wants them to throw the school’s championship basketball game since he has bet on the opposing team.

When the students of Angel Beach High decide to stage “An Evening With Shakespeare,” their efforts are threatened by Miss Balbricker, who views the works of Shakespeare as obscene. She enlists the help of Reverend Bubba Flavel, a religious fanatic who brings along his flock of followers to pressure the school into shutting down the production.

Sleazy scam artist Joan Collins tries to sell phony real estate deals down in the Florida everglades. What she and her unsuspecting buyers don’t know is the area has been taken over by giant ants!