A parody of 1950s corporate/industrial films, commissioned by Universal Pictures executives after the studio's purchase by Seagrams, and featuring cameos by many stars and directors.

Two losers from Milwaukee, Coop and Remer, invent a new game combining basketball with the rules of baseball. When the game becomes a huge success, they, along with a billionaire's help, form the Professional Baseketball League where everyone gets the same pay and no team can change cities. When a rival owner wants to institute major rule changes, Coop and Remer's team is the only one standing in the way.