When two guys get a hold of a camera from a debt, they decide to make a horror movie since most of them are cheesy and cheap anyways. They know nothing about special effects or make-up so why not just kill people for real while filming their movie?

On the last day of college, graduating seniors Jake and Evan don't want to give up their party life just yet. They have one last day to figure out how to stay on campus for a fifth year. With help from 8th year senior and fraternity legend Greg "Fossil" Karanowski they find themselves getting into more and more trouble.