Having escaped from the psychiatric prison, Dr. Albert Beck hides out in an empty house, until its new owners move in. Forced into the attic to evade the widowed mother, Beck watches from above, attracted to her young daughter.

When dreamer Larry Guthrie (Larry the Cable Guy) loses his first love to the town hot shot, he decides to win her back by volunteering to help the local children at her after school program. But when Larry accidentally tells the kids that the tooth fairy is make believe, he is soon transformed into a tutu clad fairy with a sentence of collecting teeth.