Stroker Ace, a champion NASCAR driver, is standing at the top of his career, but is getting fed up with having to do as he's told. In between rebelling against his sponsor (a fried chicken chain)'s promotion gimmicks (like making him dress up in giant chicken suit) he spends the rest of the movie trying to bed the buxom Pembrook.

The Bandit goes on another cross-country run, transporting an elephant from Florida to Texas. And, once again, Sheriff Buford T. Justice is on his tail.

M. Harry Smilac is a down-on-his-luck music manager who is having a hard time attracting talent and booking gigs for his band, Kicks (The most recent of the gigs is a Dairy Queen opening!!). When making arrangements for a campaign fund-raiser, he mistakes Rick Roberts, a professional wrestler, for a musician and hires him. At that moment he becomes a wrestling manager and starts to book matches for him and his teammate Tonga Tom. The team is a success, and Harry decides to take his wrestlers and his band on a "Rock n' Wrestling" tour. The tour is a success, and Harry feels what it is like to be a winner again.