Ted is recently graduated from college, unemployed, and quickly wearing out his welcome at his stepbrother Bob's apartment. As a break from his daily grind of job-hunting and forays into get-rich-quick schemes, Ted baits Nigerian scammers, stringing them along as he poses as an unsuspecting victim and getting them to perform humiliating stunts in return for the possibility of scamming him.

During once such string-along, Ted comes clean and triumphantly ridicules a "Nigerian Prince" who approached Ted with a claim that he needed a financial go-between to assist him in securing safe passage for his family out of a dangerous situation in Nigeria.

A few weeks later, Ted and Bob discover the Nigerian prince on their doorstep, angry at Ted for failing to believe the plea was genuine. The prince's family is now under arrest in Nigeria, their assets confiscated, and their lives in imminent danger. The prince wants Ted to come up with the twenty-five thousand dollars needed to secure the release of the prince's last remaining fortune, a fortune that will be used to free the prince's family.

What follows is a race against time to come up with the money. Ted's predicament sucks in Bob, Bob's fianceé Sarah, and a stripper named Patricia as they try to figure out how to get twenty-five thousand dollars and not get shot in the process.