Boris Badenov and Natasha Fatale are still spies for the mean little country of Pottsylvania, where, sandwiched between the nations Wrestlemania and Yoursovania, the Cold War is still frigid. Their Fearless Leader hatches a plan to capture a time-reverse micro-chip, using the two spies as high-profile patsies. They clumsily defect to America and try to unravel F.L.'s master plan. But can these dim-witted fools survive a secret assassin, exploding potatoes and the temptations of capitalism? And what of their old foes, "Moosk unt Squoirrel"?