The FBI is investigating a series of bank robberies committed by a gang called the "ex-presidents", because during the robbery, they wear masks of Richard Nixon, Jimmy Carter, Lyndon Johnson and Ronald Reagan. Johnny Utah gets a new assignment in the Department that deals with the investigation of this case. His partner becomes the officer Angelo Pappas, which has the assumption that gang members can relate to surfing. Johnny agrees to work undercover to infiltrate the gang. Johnny spends a lot of time and effort to master a surfboard, but he succeeds and he meets the leader of a group of surfers, Bodhi, which eventually turns out to be by the leader of the gang.