Matt Stevens is the big man at high school. He sweats the students for protection money, acquires copies of tests for a fee, and has rigged the votes so he can beat Kelly in the election for student president. Aside from his anointed acolytes, Matt is almost universally despised. His parents are obscenely rich and spend their time travelling in Europe rather than giving him the parental guidance he needs. Things begin to get ugly when some of the teens resist his power and show Matt up at the drag race.

An electronics genius, who is an ex-con, and four of his lady friends devise a plot to steal millions of dollars from the Chicago Transit Authority. A detective, who had been keeping tabs on him since he got out of prison, suspects that he is up to something and tries to catch him at it.

The crew of PT-73 get into trouble when they back the wrong horse in a race. Now they have to come up with a way to raise the money to pay off the winners.

The crew of PT-73 are in trouble again when Ensign Parker is mistaken for a pilot and gets shanghied into the Air Force.