Kevin Conroy works at the set of mega-budget picture called "Moby Dick 2: Ahab's Revenge". He is humiliated by tyrannical producer Michael Lawrence and his manager Russell. He also befriends his roommate Ted. When Kevin gets tired of it all, Ted conceives a plan - Kevin will steal the footage of the most expensive scene ever shot (Moby Dick attacks Honolulu) and demand $150,000 - the cost to film Kevin's art-house script.