The friends are back, and this time the battle is for the neighborhood of Nørrebro. The villains Æselmand and Svinet have a sinister plan to raze Blågårdsgade to the ground in order to get their hands on the oil they have discovered beneath the street. But the friends have found a chip with magical properties, which he hopes to sell to the bandits in order to win back the street.

When he learns that his Aunt Fatwa has received the honorary title, the Jewel of India, Iqbal sees an opportunity to get out of school and convinces his dad to take the whole family to India for the ceremony. But when an accident leads the principal to expel Iqbal from school, his dad refuses to take him, demanding that Iqbal take responsibility by finding a new school to enroll in. Iqbal calls his aunt and asks to be enrolled at an Indian school.