In order to own an entire slum area of Los Angeles so he can tear it down, a callous, rich businessman, Goddard Bolt (CEO of Bolt Enterprises) makes a bet with his biggest rival, Vance Crasswell, who also has an interest in the property, that he can survive on those streets for 30 days.
There are three conditions: #1: Bolt will be completely penniless; #2: He must wear an electronic anklet which will activate if he leaves the boundaries, forfeiting the bet if he exceeds 30 seconds out of bounds; #3: At no time can he reveal to any of the slum area residents that he is Goddard Bolt. If he succeeds, Bolt will gain the neighborhood for almost nothing.
Crasswell schemes to make Bolt's stay on the streets as bad as can be. Bolt, homeless, hungry and filthy, is given the nickname "Pepto" by other homeless persons after falling asleep in a crate with a Pepto-Bismol logo on its side. He is befriended by skid-row inhabitants like Sailor and Fumes and also falls in love with Molly, a homeless woman.
Bolt learns important life lessons in the process, unaware that the unscrupulous Crasswell has no intention of honoring their bet.
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