Professor Phillip Brainard, an absent minded professor, works with his assistant Weebo, trying to create a substance that's a new source of energy and that will save Medfield College where his sweetheart Sara is the president. He has missed his wedding twice, and on the afternoon of his third wedding, Professor Brainard creates flubber, which allows objects to fly through the air.

Bumbling professor Ned Brainard accidentally invents flying rubber, or "Flubber", an incredible material that gains energy every time it strikes a hard surface. It allows for the invention of shoes that can allow jumps of amazing heights and enables a modified Model-T to fly. Unfortunately, no one is interested in the material except for Alonzo Hawk, a corrupt businessman who wants to steal the material for himself.

Beleaguered professor Ned Brainard has already run into a pile of misfortunes with his discovery of the super-elastic substance "Flubber." Now he hopes to have better luck with a gravity-busting derivative he's dubbed "Flubbergas." Ned's experiments, constantly hampered by government obstruction, earn the consternation of his wife, Betsy. But a game-winning modification to a football uniform may help Ned make the case for his fantastic new invention.

Fatty invents a liquid with flubber-like properties which makes objects resilient and unbreakable. Unfortunately, in his rush to get out of the house to demonstrate his invention, he unknowingly grabs a jar of moonshine instead of the jar which holds his wonder liquid. To make matters worse, as he drives to the demonstration, a football-sized beehive falls from a tree onto the cargo bed of his truck . . .

Three friends embark on a quest to find the last remaining copy of Flubber (1997)