Lane Meyer is obsessed with his girlfriend Beth and is crushed when she falls for the new captain of the ski team, Roy. After several failed suicide attempts, narrow escapes from the relentless paper boy, and nearly unbearable dinners at home with his crazy family, Lane finds a new love in French exchange student Monique Junot. Meanwhile, he must beat Roy on the slopes to regain his honor.
As graduation nears for the class of 1955 at Angel Beach High, the gang once again faces off against their old enemy, Porky, who wants them to throw the school's championship basketball game since he has bet on the opposing team.