The guys in the 'I Phelta Thi' fraternity want to live out all their fantasies before they graduate.

Throughout history one name, by its very mention, has been able to not only strike fear but also electrify man's sexual desire. Songs have been written about her, books recount her cunning. Her name, of course is Jezebel. Able to lure men and women into her evil web of passion, Jezebel intoxicates with her beauty, destroys with her guile. And so it is with our modern day enchantress. Things were not always this way...the transformation came about through a mysterious figure that suddenly appears before her in a spectacular flash of light & color. He promises to fulfill her every sexual fantasy & experience every erotic pleasure known to man. However, she must pay the price for causing such anguish!

A sexy hooker comes up with a plan to operate her own taxi service for her fellow streetwalkers as a safe way to make easy money, with their male customers.

On a large yacht, skullduggery is afoot, presumably some sort of drug smuggling involving Richard (Ric Lutze) and a mysterious boss/gangster character. On dry land there's plenty of humping (including the inevitable orgy) and searching for information, but no imparting of the latter.