16-year-old Jonathan Snazowski has a vivid imagination and lives in a dream world filled with adventure, fast cars, beautiful women and easy money. Unfortunately he only has partial control over his fantasies, and is constantly beset by obstacles from the dark and tangled reaches of his mind. A slightly demented psychologist, a rotten kid brother, neighborhood bullies, demons and even laser-toting sex police are conspiring to wreak havoc on his life. But Jonathan has a plan: he is going to defeat his enemies, get his car, win the girl and lose his virginity... even if it kills him!

When Master Tak, an old martial arts master, disappears, his best student, Jet, steps in to find him. However, when he learns that Tak's life is in danger, he decides to protect him at all costs.