The adventures of a group of Texas teens on their last day of school in 1976, centering on student Randall Floyd, who moves easily among stoners, jocks and geeks. Floyd is a star athlete, but he also likes smoking weed, which presents a conundrum when his football coach demands he sign a "no drugs" pledge.

When a young couple buys the contested home at auction from the U.S. government for $5,400, they become involved in a political and moral battle much larger than what they originally bargained for.