Musicians Matt and Jay attempt to achieve their dream of playing at a small Toronto venue, the Rivoli, through a series of various schemes and publicity stunts.
Matt and Jay break into Vince Valence's house to get the booking book, but when Valence unexpectedly arrives home they are forced to stay in his basement.
After their plan to return the booking book failed, Matt and Jay track down the person who they think has it, but they get sidetracked trying to get Matt a G-friend for his B-day.
Matt and Jay have to resolve a cease and desist letter from The Band by getting Ronnie Hawkins' to sign away his life's work, all while reminiscing on their early friendship.