A Ghostbusters knock-off where a group of con-artists create bogus monsters to scare up some cash. They run for their lives when real spooks attack.

After a local woman is murdered, a group of teenage liars create a warning e-mail of a serial killer named “The Wolf”, coming on the next full moon. The teens describe each death method The Wolf uses, but when the described victims actually do start turning up dead, suddenly no one knows where the lies end and the truth begins.