A new generation of nerd students now rule on campus at early-90's Adams College. The Alpha Betas are respectful of the nerds' prominence, some even wishing their Fraternities and sororities could have a better academic record. Everything changes when a successful but reprehensible businessman, Orrin Price (Morton Downey, Jr.), becomes a member of the Adams College Board of Regents. A new generation of Jock (subculture)s has also just come to Adams, including Orrin's nerd-hating son. Former Alpha Beta Stan Gable, now a motorcycle police officer, is installed as the new Dean of Students by Orrin Price.