After the day from Hell, Mikey finally has had enough. Without plans after high school, he finally figures that he might as well drop out. Now trying to make it as a musician, Parker and others from Santo Domingo have to intervene to help Mikey see the error in his ways. Is there really anything left at Santo Domingo for Mikey, or is the life of a drop-out the best choice?

A veces, ocurren una serie de pequeños eventos en el momento justo, que culminan en un gran desastre. Este día es uno de esos días, ya que la revisión de Grace Musso se realiza sorprendentemente en Santo Domingo. El caos se desata, Grace es degradada a enseñar la clase de economía doméstica y el Dr. Pankow se convierte en el nuevo director. Cuando el nuevo director convierte la escuela en una prisión, Parker tiene que encontrar una forma de recuperar el trabajo de Grace.

En lo más profundo de Santo Domingo yace un secreto que ha estado dormido desde la década de 1960... La propia estación de radio pirata de Santo Domingo. Mientras Parker, Jerry y Mikey tropiezan con la estación de radio oculta, sienten la necesidad de revivirla. Cuanto más el Director Musso intenta cerrar la estación, más los estudiantes la escuchan, convirtiéndose en un gran problema para ella. A medida que Parker y su pandilla descubren el impacto positivo que la estación tiene en los estudiantes, sienten la necesidad de mantenerla en funcionamiento. A menos que Grace y Frank Lemmer encuentren la manera de descubrir el lugar secreto donde se esconde la estación.

Parker finds a girl he goes head over heels for. The buds find their leader has fallen under her spell and their powerless to stop her. Parker grows brainwashed enough that Mikey and Jerry can no longer depend on Parker causing quite a ripple in the "Parker Lewis Can't Lose" Universe. Now Jerry and Mikey find they need to save their friend before the group permanently disbands.

Parker is the leader, Mikey is the flirt and wild one, and Jerry is the brains. While Jerry's jacket has become a part of him and constantly saves the group's hides the jacket seriously crimps Jerry's love life. What starts innocently enough Parker and Mikey take Jerry's jacket and try to help him impress a girl. When Jerry needs his jacket back it mysteriously disappears (Other parties' interests are peaked when they find the jacket isn't in Jerry's possession). In true Parker Lewis form the end is climatic as everyone seeks out the power of the jacket.

Parker is the a living god when he walks the halls of Santo Domingo. High School to Parker is just the backdrop of his life and the future isn't of interest; until now. It seems that while Parker has focused all his attention to the present everyone else is planning for the future and Parker is going to be left behind. Parker must come to terms and figure out what he is to do with his life and start thinking about life past High School.

In High School often times there are legends from years past to which tales transcend through the generations. Ronnie Ray is probably the biggest legend in Santo Domingo's history and the legend returns to be honored. When Parker digs deeper into Ronnie Ray's High School career he unearths several disappointments and finds this hero still lives in the past. Parker sees first hand that sometimes legends should remain legends as reality is the ultimate buzz-kill.