The pirate radio show "American Nightmare" is broadcasting from dusk till dawn. To commemorate the massacre of four college students the year before, host Caligari has invited listeners to call in and share their worst fears. Seven friends meet for dinner before beginning the evenings festivities. With "American Nightmare" playing in the café, each one takes a turn calling the show. But the psychopath behind last year's massacre is also listening. The friends are confessing their fears to a killer. When the friends go their separate ways, a gruesome chase begins, with the killer using the radio show to taunt this year's prey. One by one, the seven friends become victims, manipulated by a deranged mind. And one by one the psycho will give them each a fatal chance to confront their deepest fears.