It's 1983, and hopeless junkie Dick gets an unwelcome visit from the past - his seriously sleazy former cellmate, Bug, to be precise. Bug requires a crash course in the 80s: different music, different drugs, and machines in walls that dispense money. The latter development gives Dick an idea.
This menacing monster yarn stars James Van Der Beek as government scientist Dan Leland, who's sent to investigate reported sightings of a giant squidlike beast that's put the entire population of a fishing village on edge. Though Leland starts his journey confident that this sea creature with an insatiable appetite is the stuff of old legends, a string of horrific occurrences soon begins to change his mind.
While drying out on the West Coast, an alcoholic hit man befriends a tart-tongued woman who might just come in handy when it's time for him to return to Buffalo and settle some old scores.