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An underwater earthquake generates a tsunami that strikes Malibu, bringing a hunting pack of prehistoric-looking goblin sharks to the surface. Although the beach is evacuated before the big wave strikes, a group of lifeguards and a crew of construction workers are stranded in the high water and have to fight the sharks to get to dry land.

A group of diamond thieves on the run kidnap the wife of a recently discharged marine who goes on a chase through the South Carolinian wilderness to retrieve her.