Plot: It's May 28, 1976, the last day of the academic year at Lee High School. Many of the kids are skipping classes, smoking weed, and thinking about the big keg party for the senior students at Kevin Pickford's (Shawn Andrews') house tonight, as his unwitting parents are going to be away for the evening. High on the mind of star football quarterback Randall "Pink" Floyd (Jason London) is the pledge the coach wants all the returning players to sign vowing that they won't do drugs or drink during the summer break so as not to jeopardize their upcoming supposed championship season. Pink is the only player who has not yet signed, he who is contemplating not if only because he feels it would impinge upon his individual rights. Today is also the traditional hazing day, where seniors traumatize the freshmen. Amongst all the freshmen, Mitch Kramer (Wiley Wiggins) is the biggest target if only because of a not so innocent request by his popular upperclassman sister, Jodi Kramer (Michelle Burke), to her male classmates. These thoughts and activities continue as day turns into night and as the keg party doesn't end up quite as planned, although the perspective may change as the activities progress.
Alternative Plot: This coming-of-age film follows the mayhem of group of rowdy teenagers in Austin, Texas, celebrating the last day of high school in 1976. The graduating class heads for a popular pool hall and joins an impromptu keg party, however star football player Randall "Pink" Floyd (Jason London) has promised to focus on the championship game and abstain from partying. Meanwhile, the incoming freshmen try to avoid being hazed by the seniors, most notably the sadistic bully Fred O'Bannion (Ben Affleck).
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