Best friends Michael, Steve, Cooly and Richie are seniors at a large Toronto high school. Foremost on their minds and that of many of their classmates are what they are going to do this upcoming summer and beyond. They don't want to waste away the summer much like they did this past summer. Mike is being pressured by his parents to go to university following graduation from high school, although Mike himself is unsure if that's what he wants to do. Other ideas they discuss are to tour with their band, Arctic Madness, or to start a commune on a five hundred acre parcel of wilderness property outside of Timmins that was deeded to Mike. As the end of the school year approaches and these successive ideas come and fall by the wayside, the four come to a realization of what their future together holds

The sponsors of a drug-rehabilitation center stage a robbery to maintain funding of the facility, but the loot turns out to be syndicate-owned.