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High school senior Bartleby "B" Gaines (Justin Long) is on his way to scoring eight out of eight rejection letters from colleges--which isn't going to go over big with Mom and Dad. At least he's not alone in the exclusion. Several of his crew of outcast friends are in the same, college-less boat. So...how does a guy facing a bleak career please his parents and get noticed by dream girl Monica (Blake Lively)?
Simple. Open his own university.
B and his band of misfit freshmen take "liberal" arts literally when they fool their parents and peers and create the esteemed South Harmon Institute of Technology. They clean up an abandoned psychiatric facility, employ a buddy's brilliant?but subversive—uncle (Lewis Black) as the dean and create a fake web site as their campus calling card. Bam! South Harmon, the alternative school of higher learning, is born.
Just as they are settling in, B and company realize they've done their jobs too well. Dozens of other college rejects show up for classes at this less-than-lofty institute. Under the scornful eyes of the privileged students from the neighboring college, B and his friends forge ahead with maintaining a fake, functioning university. Their efforts to explore alternative education result in a battle between the South Harmon co-eds and the "sister" school snobs.
With his future in the balance, it's going to take more than just sleight of hand to keep B out of jail as he strives to get the girl, impress his parents and just become... "Accepted".
On the morning of his re-election, the President (Quaid) decides to read the newspaper for the first time in four years. This starts him down a slippery slope. He begins reading obsessively, reexamining his black and white view of the world, holing up in his bedroom in his pajamas. Frightened by the President's apparent nervous breakdown, his Chief of Staff (Dafoe) pushes him back into the spotlight, booking him as a guest judge on the television ratings juggernaut (and the President's personal fave), the weekly talent show American Dreamz.
America can't seem to get enough of American Dreamz, hosted by self-aggrandizing, self-loathing Martin Tweed (Grant), ever on the lookout for the next insta-celebrity. His latest crop of hopefuls includes Sally (Moore), a conniving steel magnolia with a devoted, dopey veteran boyfriend (Klein), and Omer, a recent Southern Californian immigrant (who just happens to be a bumbling, show tune singing, would-be terrorist awaiting activation). When both Sally and Omer make it to the final round of Dreamz—where the President will be judging along with Tweed—the stage is set for a show the nation will never forget.