Survivalist Burt Gummer returns home to Perfection, to find that the little town has been shaken up again by morphing, man-eating Graboids.

Van Wilder has been attending college for far too many years and is scared to graduate, but Van’s father eventually realizes what is going on. When he stops paying his son's tuition fees, Van must come up with the money if he wants to stay in college, so he and his friends come up with a great fund-raising idea – throwing parties. However, when the college magazine finds out and reporter Gwen is sent to do a story on Van Wilder, things get a little complicated.

There comes a time in every young life, a time to fight, a time to love, a time to escape, and a time to belong.