Van Wilder has been attending college for far too many years and is scared to graduate, but Van’s father eventually realizes what is going on. When he stops paying his son's tuition fees, Van must come up with the money if he wants to stay in college, so he and his friends come up with a great fund-raising idea – throwing parties. However, when the college magazine finds out and reporter, Gwen is sent to do a story on Van Wilder, things get a little complicated.

Adapted from the Edgar Allen Poe short story called “Bon-Bon”. The film is a dark comedy about a man intoxicated on wine and his own ideas on the meaning of the soul. It is in this state that he is visited by the Devil, and a philosophical discussion about the soul ensues.