After being evicted from their Manhattan apartment, a couple buy what looks like the home of their dreams—only to find themselves saddled with a bank-account-draining nightmare. Struggling to keep their relationship together as their rambling mansion falls to pieces around them, the two watch in hilarious horror as everything—including the kitchen sink—disappears into the Money Pit.

A television newswoman picks up the story of a 1960s rock band whose long-lost leader — Eddie Wilson — may still be alive, while searching for the missing tapes of the band's never-released album.