Hank and Mike are best friends – and Easter bunnies. They're a kind of yin-and-yang, Felix-and-Oscar duo. As the Easter Bunnies, they hand-deliver baskets of Easter eggs to unsuspecting families. They have long held their positions at Pan Enterprises, a multi-national corporation that owns all holidays. In an effort to increase profits, the firm's board of directors has called in an efficiency expert (Mr. Hubriss) to trim the fat and get the company's Easter profits back in order. In spite of the service Hank and Mike have diligently (if not wholeheartedly) performed over the years, it is quickly apparent that Hank and Mike are going to be part of the downsizing campaign. The strain on their friendship begins immediately. They frequent strip joints and propel into a bizarre downward spiral. Discontent with what their lives have become, Hank and Mike reunite to confront the greedy and nefarious Mr. Hubriss and find their way back to Easter.