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On 1st November 1959, in New York, C.C. “Bud” Baxter is a popular clerk of “Consolidate Life”, an insurance company with 31,259 employees. The secret of his success is a well located apartment where he lives that he sublets for his superiors, making him climb to the executive position of 2nd Administrative Assistant very early. He likes the elevator girl Fran Kubelik, a reserved woman considered a “jackpot” among the executives. Fran is the secret lover of the director Jeff D. Sheldrake, a married man that seduced her convincing that he will divorce his wife to stay with her. When Fran tries to commit suicide in Baxter’s apartment after a meeting with Jeff, she stays with Baxter while recovering, and he falls in love for her. Later he has to come up to a decision between his excellent position in the company and his love.

At midnight on New Years Eve the S.S. Poseidon is struck by a 90′ tidal wave and is capsized. The Reverend Frank Scott leads nine Survivors; an elderly couple, Manny and Belle Rosen headed to Israel to see their grandson; A New York detective and his ex-prostitute wife, Mike and Linda Rogo on their second honeymoon to Italy; A young brother and sister, Robin and Susan Shelby going to meet their parents in Greece; A haberdasher James Martin; a pop singer Nonnie Parry, and a waiter from the ship Acres. They travel from the grand ballroom struggling through, steam, fire and rising water in the up-side-down ship to reach the bottom (the propeller shaft), now the top.

Will Ferrell and Chris Kattan play the Roxbury Guys, Steve and Doug Butabi, who want to get into the best club in town, and also hope to open their own club. Elisa Donovan plays Vivica, a gold-digging supermodel. Vivica and her friend Cambi (Gigi Rice) try to work the Roxbury Guys for their money, only to find out the pair is broke.

The story is based on Jane Austen’s novel about five sisters - Jane, Elizabeth, Mary, Kitty and Lydia Bennet - in Georgian England. Their lives are turned upside down when a wealthy young man (Mr. Bingley) and his best friend (Mr. Darcy) arrive in their neighborhood.

Harry Langer (Nicholson) is an aged music industry exec with a fondness for younger women like Marin (Peet), his latest trophy girlfriend. Things get a little awkward when Harry suffers a heart attack at the home of Marin’s mother Erica (Keaton). Left in the care of Erica and his doctor (Reeves), a love triangle starts to take shape.