Dave (Devon Sawa), Sam (Jason Segel) and Jeff (Michael C. Maronna) are about to graduate from Holden University with Honors in lying, cheating and scheming. The three roommates have proudly scammed their way through the last four years of college and now, during final exams, these big-men-on-campus are about to be busted by the most unlikely dude in school. Self-dubbed Cool Ethan (Jason Schwartzman), an ambitious nerd with a bad crush, enters their lives one day and everything begins to unravel. When Ethan accidentally catches Dave in an exam scam and gathers some incriminating evidence against him, Dave and his friends find themselves completely at his mercy. Threatening to expose the three SLACKERS Ethan offers a deal : he'll let the guys off the hook on one condition - that they use their unethical expertise to get him the object of his desire, the brainy babe Angela (James King).