When both the CIA and the underworld mistake regular guy Stuart Dempsey (Danny Nucci) for a notorious killer-for-hire named Jaguar, Dempsey doesn't know whom he can turn to or trust. Certain only of his boss, Max Kaufman (David Carradine), Dempsey is wary of everyone else -- especially his new love (Victoria Sanches). Pursued by the CIA, Dempsey sets out to prove his identity and outwit his pursuers.

When his boss is killed, Detroit cop Axel Foley finds evidence that the murderer had ties to a California amusement park called Wonder World. Returning to sunny Beverly Hills once more, Foley reunites with Detective Billy Rosewood to solve the case. Along with Billy's new partner, Detective Jon Flint, they discover that Wonder World is being used as a front for a massive counterfeiting ring.

An anthology film presenting remakes of three episodes from the "Twilight Zone" TV series—"Kick the Can", "It's a Good Life" and "Nightmare at 20,000 Feet"—and one original story, "Time Out."

A slick promoter in the bodybuilding subculture of Venice Beach, California, finds what he considers a diamond in the rough: a dedicated but somewhat mentally challenged young man who wants to win bodybuilding championships, but needs some help and direction--and the promoter thinks he's just the one to do it.