The terrible twosome return for another burst of MTV-inspired comedy mayhem. It is now two years on, and the boys' cable show, now relocated to a nearby warehouse, is still doing well. However, when Wayne (Mike Myers) is visited by the ghost of Jim Morrison, he receives a new mission in life: he must now organise a massive rock festival - Waynestock. Meanwhile, his girlfriend Cassandra (Tia Carrere) seems to be interested in another slimy record producer (Christopher Walken), and his best friend Garth (Dana Carvey) is making romantic overtures towards sexy Honey Hornee (Kim Basinger).