The terrible twosome return for another burst of MTV-inspired comedy mayhem. It is now two years on, & 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), & his best friend Garth (Dana Carvey) is making romantic overtures towards sexy Honey Hornee (Kim Basinger).