Mitch, Frank and Beanie are disillusioned with their personal lives begining when Mitch's nymphomaniac girlfriend, Heidi, cheats on him, then former party animal Frank gets married, but is unwilling to get go of his wild life. Beanie is a family man seeking to reclaim his wild and crazy youth. Beanie suggests that they form their own fraternity in Mitch's new house on a college campus to re-live their glory days by bringing together a variety of misfit college students, losers, middle-aged and elderly retirees as their new friends and later try to avoid being evicted by the new Dean of Students. Starring Will Ferrell, Vince Vaughn, Luke Wilson, Jeremy Piven, Ellen Pompeo and Juliette Lewis.