When his own Roosevelt High class of '49 holds a reunion at The Nutt House, Reginald J. Tarkington pretends to be into big business to impress his old rival and other former classmates including Pope John Paul II.

Sally needs to raise money to get her mother's damaged nose fixed. Just as Tarkington announces he's won some cash, an acrobatic burglar and her brutish assistant rob The Nutt House's till.

Tarkington reluctantly surrenders his job as hotel manager to become the valet of a Japanese businessman, but the hotel prepares for revolution when a tyrant replaces him.