Young teen Mikey Walsh and his friends set off on a quest to find Pirate One-Eyed Willie's treasure in hopes of saving their homes from demolition. However, on their quest to find the treasure, they run into a family of recently escaped criminals, determined to capture the kids and reach the treasure first.

Stroker Ace, a champion NASCAR driver, is standing at the top of his career, but is getting fed up with having to do as he's told. In between rebelling against his sponsor (a fried chicken chain)'s promotion gimmicks (like making him dress up in giant chicken suit) he spends the rest of the movie trying to bed the buxom Pembrook.

The cast and crew of Spaceballs looks back at the making of the movie.