The Thompson family lives in the corporate community of Black Falls, Texas. Mom and Dad Thompson (LESLIE MANN and JON CRYER) work for the local Microsoft-like company, where they are bullied daily by the megalomaniacal CEO Mr. Black (JAMES SPADER). Their son, Toby (JIMMY BENNETT), goes to the local school, where he is bullied on a daily basis by Black's daughter and son, Helvetica (JOLIE VANIER) and Cole (DEVON GEARHART).
One day, a magical rock finds its way into Toby's possession, and it grants him any wish he can think of. Soon, he has friends (the alien variety), his braces are off, and he no longer fears his tormentors.
But the rock has a way of making the rounds of Black Falls. Toby's friend, Loogie (TREVOR GAGNON), and his brothers (REBEL RODRIGUEZ AND LEO HARRIS) get into a crazy backyard adventure with the rock. Toby's sister, Stacey (KAT DENNINGS), unknowingly uses the rock to force her boyfriend to "grow up." A local scientist, Dr. Noseworthy (WILLIAM H. MACY), suddenly has all of his experiments work perfectly - a little too perfectly - as a result of the stone's power. This has potentially dangerous consequences for his son, "Nose" (JAKE SHORT) And so on.
Eventually, the rock finds its way into several hands at a corporate dinner party, setting off a chain of events that threatens not only Black Falls but the entire planet unless the kids can put things right.