After a night of video games and procrastination, Lloyd and his best friends, Patrick and Oswald, have slacked their way into losing their student funding. The trio's only hope lies with their arrogant and quite dick-ish Medieval Literature professor, Derek. To save their mediocre academic careers, the guys enter a dark pact with their teacher who needs fresh victims to claim another Grand Championship in the imaginary world of Demons & Dwarves.