Four idlers make elaborate plans to earn money by investing in buildings but are conned by Kabir, who leaves them unemployed and penniless. Soon, they are on the prowl to avenge their humiliation.
Broke and depressed, Ray is mistaken for a dangerous hitman and given an envelope of cash. Along with his P.I. friend Skip, he must escape the actual hitman to make it out of LaRoy alive.
Charles Dreyfus, who has finally cracked over inspector Clouseau's antics, escapes from a mental institution and launches an elaborate plan to get rid of Clouseau once and for all.