Upon graduation from high school eight teens take a seaplane trip, intending to celebrate on Keith's parents' private island. Stormy weather causes the plane to crash and they end up on a deserted isle. They find evidence of other visitors, and soon must fend for their lives against drug smugglers.

Mega-promoter Colin Beverly plans to sabotage the New Year's 1983 concert of small-time operator Max Wolfe. Wolfe's assistants Neil Allen and Willie Loman find romance while trying to save the drugs, violence, and rock and roll from Beverly's schemes.