The internationally famous Worldwide Studios has hit hard times and is forced to sell its Hollywood backlot to property developers. The trouble is someone keeps killing off the site surveyors. The studio chiefs then learn of the legend of a masked man who lives on the lot and is sworn to protect it from harm.

The overweight debutante daughter of the world's wealthiest couple falls in with a gang of tripped out, skydiving pseudo-reactionary pop stars, who take their beliefs of the American ideal to profoundly impossible heights.

In a boorish future, the government sponsors a popular, but bloody, cross-country race in which points are scored by mowing down pedestrians. Five teams, each comprised of a male and female, compete using cars equipped with deadly weapons. Frankenstein, the mysterious returning champion, has become America's hero, but this time he has a passenger from the underground resistance.