An anthology film presenting remakes of three episodes from the "Twilight Zone" TV series—"Kick the Can", "It's a Good Life" and "Nightmare at 20,000 Feet"—and one original story, "Time Out."

A biographical story of former U.S. President Richard Nixon, from his days as a young boy, to his eventual Presidency, which ended in shame.

The adventures of two amiably aimless metal-head friends, Wayne and Garth. From Wayne's basement, the pair broadcast a talk-show called "Wayne's World" on local public access television. The show comes to the attention of a sleazy network executive who wants to produce a big-budget version of "Wayne's World"—and he also wants Wayne's girlfriend, a rock singer named Cassandra. Wayne and Garth have to battle the executive not only to save their show, but also Cassandra.

Two bumbling government employees think they are U.S. spies, only to discover that they are actually decoys for Nuclear War.

Four horror and science fiction segments, directed by four famous directors, each of them being a new version of a classic story from Rod Serling's landmark television series.