Luther Krank is fed up with the commerciality of Christmas; he decides to skip the holiday and go on a vacation with his wife instead. But when his daughter decides at the last minute to come home, he must put together a holiday celebration.

In the midst of a nasty public breakup of married movie stars, a studio publicist scrambles to put a cap on the escalating situation as the couple’s latest film has found it’s only print kidnapped by the director.

The members of the Lambda Lambda Lambda fraternity travel to Fort Lauderdale for a fraternity conference. They’ll have to beat off the attacks of their rival frat, the Alphas, if they want to maintain their self-respect — and, of course, if they want to get anywhere with the pretty girls!