Fletcher Reede is a fast-talking attorney and habitual liar. When his son Max blows out the candles on his fifth birthday he has just one wish - that his dad will stop lying for 24 hours. When Max's wish comes true, Fletcher discovers that his mouth has suddenly become his biggest liability.
Slaking a thirst for dangerous games, Kathryn challenges her stepbrother, Sebastian, to deflower their headmaster's daughter before the summer ends. If he succeeds, the prize is the chance to bed Kathryn. But if he loses, Kathryn will claim his most prized possession.
A small circle of friends suffering from post-collegiate blues must confront the hard truth about life, love and the pursuit of gainful employment. As they struggle to map out survival guides for the future, the Gen-X quartet soon begins to realize that reality isn't all it's cracked up to be.