The story of old friends continues over four years. On New Year's Eve, 1964, John (PAUL LE MAT), the local track champion, defends his title. On New Year's Eve, 1965, Terry (CHARLES MARTIN SMITH) is alone in the jungles of Vietnam, disgruntled about the war. On New Year's Eve, 1966, Debbie (CANDY CLARK), a topless dancer in San Francisco, hopes for a marital commitment from her abusive boyfriend. On New Year's Eve, 1967, Laurie and Steve (CINDY WILLIAMS and RON HOWARD) confront the problems in their marriage. Bill Norton directs this sequel.