The main character is an unmotivated heir to a hotel fortune who must learn to apply himself in order to succeed.
In a high school auditorium, a character pulls out a gun and starts shooting. He is shot at by another character armed with a rifle and scope. A clown seems to fall to its death at a party. A station wagon full of a family of bullies spins out of control and goes off a cliff.
Sexual innuendo. The lead character is excited because it's "nudie magazine day;" he goes to the mailbox and takes out magazines with titles like Drunk Chicks. His teacher and eventual love interest helps him study by quizzing him on questions and removing an article of clothing each time he gets a question right; she does not get undressed. Billy and his friends ask each other the question, "Who would you rather bone?" concerning two famous people. Billy draws his teacher in a suggestive pose with the caption, "Do me, Billy!" His principal gives him a valentine that reads, "I'm horny!" In the tent where Billy studies, his bathroom is covered in pictures of naked women (not clearly seen), with speakers that make noises like women having orgasms. The man in charge of asking the questions during the "Academic Decathlon" continually refers to his wife's cheating on him and refers to her as a "tramp."
Some profanity. "F--k" is used once. "S--t." "Dips--t." "Horses--t." "Ass." "A--wipe." "Douchebag." Use of the word "retarded."
Triscuit, Coke, and Snack Pack references.
Drinking, Drugs & Smoking
Some binge drinking involving Billy and his friends, causing Billy to see a hallucination of a penguin.