When a thirty-something couple set aside the home furnishings catalogue and decide to rekindle their relationship, they return to their old neighborhood and end up squatting illegally in their twenty-something lives.

Erik, Ryan, and Cooze start college and pledge the Beta House fraternity, presided over by none other than legendary Dwight Stifler. But chaos ensues when a fraternity of geeks threatens to stop the debauchery and the Betas have to make a stand for their right to party.