As chairman of the entertainment committee for the Leland College 10th reunion, Alex has big plans, which include hiring some great bands to impress attending alumni in the music business. Jennifer finally talks a very skeptical Alex into letting her new all-girl band, The Permanent Waves, audition for the affair.

At the audition, Alex is thrilled with the unexciting Polka Boys, but his fellow committee members are left cold until they hear The Permanent Waves. They are so good, in fact, that even Alex is impressed and not only books the group but convinces them to sign with him as manager.

Once in charge, Alex decides to completely revamp the look and style of the band. For the reunion performance, he has the girls dress in evening gowns and changes the group's name to The Swinging Corporate Raiders, persuading them to sing such golden oldies as ""Mr. Sandman"". After being completely ignored, the girls finally break into one of their own tunes and immediately win the crowd over. Unfort