Millionaire businessman Thornton Melon is upset when his son Jason announces that he is not sure about going to college. Thornton insists that college is the best thing he never had for himself, and to prove his point, he agrees to enroll in school along with his son. Thornton is a big hit on campus: always throwing the biggest parties, knowing all the right people, but is this the way to pass college?

When Bond investigates mysterious activities in the world diamond market, he discovers that the evil Ernst Blofeld (Charles Gray) is stockpiling the precious gems to use in a deadly laser satellite capable of destroying massive targets on land, sea and air. Bond, with the help of beautiful smuggler Tiffany Case (Jill St. John), sets out to stop the madman, but first he must grapple with a host of enemies. He confronts offbeat assassins Mr. Wint and Mr. Kidd, as well as Bambi and Thumper–two scantily-clad beauties who are more than a match for Bond in hand-to-hand combat! Finally, there’s the reclusive billionaire Willard Whyte (Jimmy Dean), who may just hold a vital clue to Blofeld’s whereabouts.