Lonigan and his partner Tony, two drug dealers, shoot two cops who attempt to set them up, and run away with a million bucks and the drugs, which they stash in a red Corvette Stingray in a used car lot. When they attempt to recover their stash with their leader, Abigail, they find out that two happy-go-lucky dudes, Elmo and Al, have bought the car. They quickly pursue the two along with the police who think that the car's new owners are the criminals.

An unlucky woman’s mother is murdered by a scarf-wielding killer named Silk, leaving the woman injured, traumatised and suffering from amnesia. She’s committed to a mental institution, where Silk follows her, looking for the papers he was trying to get from her mother. And Silk’s only the beginning of her problems, since the asylum is run by a mad doctor, performing experiments in chemical lobotomies!