When a misguided delivery driver inadvertently delivers a package containing concealed bricks of cocaine to the wrong address, it sets in motion a desperate search and battle for the coke between the furious dealer that sent it, the fearful intended recipients that missed it, and the conniving accidental recipients that plan to flip it. Time is running out and everyone's trying to get their hands on the package that's been sent...Next Day Air!

In Mexico, another vampire slayer, Derek Bliss, is hired by a shady priest and aided by a group of fellow slayers in finding a large nest of 'suckers' and their powerful leader, a vampire princess. She is seeking a legendary black crucifix - the same crucifix used unsuccessfully in the first movie to perform a ritual which will enable vampires to walk in sunlight and be invulnerable.

Set on a university campus, the story line unfolds over a several month period in which the "Greeks" (fraternities and sororities) prepare for the culminating event: the step show competition. Against this backdrop there are numerous subplots involving the meeting and maturation of a love relationship, a kidnapping, an avenging abused co-ed, fraternity initiation rites, step scenes, and the antics of students and faculty alike.

When Eastern European criminals Oleg and Emil come to New York City to pick up their share of a heist score, Oleg steals a video camera and starts filming their activities, both legal and illegal. When they learn how the American media circus can make a remorseless killer look like the victim and make them rich, they target media-savvy NYPD Homicide Detective Eddie Flemming and media-naive FDNY Fire Marshal Jordy Warsaw, the cops investigating their murder and torching of their former criminal partner, filming everything to sell to the local tabloid TV show "Top Story."