Mumbai-based collegian-slackers Sid(Arshad Warsi), John(Ashish Chodhry) and Amit(Yash Tonk) do graduate after several years, are unable to find employment, and form a Punjabi Rock Band with the help of a gangster, Munnabhai(Ashish Vidhyarthi). When John's attempts to woo fellow-collegian, Natasha (Arti Chabria), go in vain, his buddies assist him in pursuing a beauty named Sheetal(Udita Goswami), and John falls head-over-heels in love with her. He introduces her to his wealthy father, Albert (Adi Irani), who would prefer that he take over their business - a toy factory - and upon being refused, asks him to leave. Sid and Amit soon find that Sheetal, an expert in martial-arts, is very possessive, does not approve of their lifestyle, and prevents John from seeing them. Watch what happens when John finds out that Sheetal has been abducted, believed to be dead, and the culprits are none other than Sid and Amit.

The new millennium has begun and one must accept the reality that East Indians have immigrated everywhere on Earth. One such place where a number of Indians have made their new homes is Australia's Melbourne. A doctor, who does have problems translating some words into Hindi; Jignesh Pandya, who has come from Surat, India, where his parents operate and run "Archana Sarees" and has become a doctor; Ranjan Mathur who has recently immigrated, is now on the look-out for a wife, and does find one, after many hilarious misadventures, including one with a gorgeous hooker, Lisa; Then there is Ambar Malhotra or Ambi, who lived in Bangalore with her parents, quarreled with them because she did not want to marry someone of their choice, ended up coming to Australia on a student exchange program, studies medicine, but lands a job as a radio announcer with 101.5 FM "Salaam Namaste"; and finally there is Nikhil Arora alias Nicki...

Four slackers and con-men namely: Boman Contractor, who lives a wealthy lifestyle with his eccentric dad, Nari, who loves his antique car more than his son, and asks his son to leave when he damages the car; hot-headed Aditya and dim-witted Manav, orphaned brothers; and Deshbandhu Roy, a trickster who wears a magnetized belt; share a room with a lenient landlady, who eventually gives up on them and kicks them out. After a number of con tricks, the group are arrested by the Police, but released in the countryside. At this point they witness a car plummet down a cliff, with it's sole occupant, Bose, an underworld don, who, before dying, tells them that he has hidden 10 Crore Rupees in cash in the St. Sebastian's Garden, Goa, and if they find it, it is their's to keep. The group race toward Goa in Contractor's stolen car, little knowing that their plans will soon be foiled...