Upon his release from a mental hospital following a nervous breakdown, the directionless Anthony joins his friend Dignan, who seems far less sane than the former. Dignan has hatched a hare-brained scheme for an as-yet-unspecified crime spree that somehow involves his former boss, the (supposedly) legendary Mr. Henry. With the help of their pathetic neighbor and pal Bob, Anthony and Dignan pull a job and hit the road, where Anthony finds love with motel maid Inez. When our boys finally hook up with Mr. Henry, the ensuing escapade turns out to be far from what anyone expected.

The purpose of the program set up by the Pentagon, called the "Human Hibernation Project," is designed so that the military can save their best men for when they're needed most. According to the officers heading the project, too many times the talents and expensive training of the best pilots and soldiers go to waste during times of peace. So they enlist Bauers (Wilson), the most under-achieving average guy they've got, to be the test subject for the initial hibernation experiment. Also participating in the top-secret program is Rita (Rudolph), a prostitute who agreed to take part in exchange for dropping some criminal charges against her, among other things. Of course, the experiment, which was to last only a year, goes under due to the arrest of Officer Collins, who is busted for heading a prostitution ring. Seeing as though he was in charge of the experiment, one of the only ones who knew of its existence, and "due to a lot of top-secret red tape...