At Lincoln High School, Diane Weston (MARLEY SHELTON) is the captain of the cheerleading squad that's comprised of Kansas Hill (MENA SUVARI), a rebel whose mother (SEAN YOUNG) is in prison;
Hannah Wold (RACHEL BLANCHARD), the religious virgin; Lucy Whitman (SARA MARSH), the smart girl; and Cleo Miller (MELISSA GEORGE), who's obsessed with talk show host Conan O'Brien.
The five have formed their own little clique, much to the chagrin of Lisa Janusch (MARLA SOKOLOFF), a cheerleader on the school's "B" squad. Things change, however, when Diane meets and ends up pregnant by the school's new quarterback, Jack Bartlett (JAMES MARSDEN), who gets a place with Diane and promises to marry her after their baby is born.
Unfortunately, without any credit or support from their parents, times become tight for the two would-be parents and Diane takes a job at a grocery store-based bank while Jack works in the local video store. As time passes and their financial situation doesn't get any better, Diane decides that she and her squad should rob the bank since she believes that money is the only way to achieve one's dreams.
As such, the girls begin plotting their strategy by watching old robbery flicks and buying guns from a local exterminator (W. EARL BROWN) in exchange for putting his daughter, Fern Rogers (ALEXANDRA HOLDEN), on their squad. From that point on, the girls must pull off the heist and then deal with the repercussions that may follow.