Some young entrepreneurs strike it rich and then move into a high class neighborhood. They try to impress their new celebrity neighbors by having a haunted house.

Erik, Ryan, and Cooze start college and pledge the Beta House fraternity, presided over by none other than legendary Dwight Stifler. But chaos ensues when a fraternity of geeks threatens to stop the debauchery and the Betas have to make a stand for their right to party.