Matt goes to work everyday to find himself taunted by fellow employees and to make matters worse, he finds his gold-digging girlfriend cheating on him. In need of a fresh start, Matt leaves Atlanta behind and returns to his roots in Scarsdale, New York. Matt soon links up with his eccentric childhood friends and notices that the old town is now shot to hell. To add insult to injury, Matt`s childhood bully now owns half of the town, including his grandfather`s cheese shop, which he is determined to take back and re-open. Matt and his gang take on an array of perplexing ordeals to redeem the town along with his grandfather`s cheese shop. Will Matt and the boys gain the town back like real Ivy leaguers or will they live up to being "The Losers"?