19-year-old Jack Ariamehr toils daily as a sign spinner on the street corners of New York. But under the gaze of the Statute of Liberty, he dreams of bigger things -and who wouldn't? No one is more aware of this than Jack's teacher, Bobby Blue Day - an ex-Hollywood screenwriter who shows up at Jack's apartment early one morning eager to talk about Jack's screenplay. To Bobby's astonishment, J.F.K. Ariamehr has written the best screenplay he has ever read. And Bobby will do anything to get a piece of this last chance at the American dream.

When young man in a dead-end job asks his teacher to read his movie script, the teacher is surprised to find that it is the best script he has ever read. Harboring his own ambitions of stardom the teacher concocts a plan to steal the script and pass it off as his own.