It's 1976, and the last day of high school in a small town in Texas. While the graduates are hazing the incoming freshmen, everyone else is trying to get stoned, drunk, laid, or all of the above – even the football players that signed a pledge not to.
Amongst this all is Randall 'Pink' Floyd, the school's star quarterback, whose journey to the night's best party finds him crossing paths and sharing stories with greasers, nerds, stoners, and athletes alike.