Wayne and Garth, the heavy metal-loving teenage heroes of the popular "Saturday Night Live" hit the big screen. They're still doing their cable-access show out of the Wayne's basement in Aurora, Illinois; only now a sleazy TV executive named Benjamin Oliver wants a piece of the action. As the babe n band obsessed adolescents negotiate the shark-infested waters of network television, Wayne finds love in the form of a heavy metal femme fatale with a penchant for skin-tight costumes. But can Wayne keep his new lady love out Olivers unsavory clutches?