Katie has been trying in vain to get a grant for a special evolutionary experiment she wishes to do as part of her PHD program, trouble is she has been getting nowhere, that is until she sees an add in the school paper offering cash money for a female student that will go through with a dare at a certain frat house. She arrives at the frat house and is greeted by Brad and some freshmen, Brad explains the rules of the dare, she simply must stay alone in the frat house for one hour! if she does she will get the funds. He also explains to her that the FRAT HOUSE IS HAUNTED! that doesn't appear...

Katie has been trying in vain to get a grant for a special evolutionary experiment she wishes to do as part of her PHD program, trouble is she has been getting nowhere, that is until she sees an add in the school paper offering cash money for a female student that will go through with a dare at a certain frat house. She arrives at the frat house and is greeted by Brad and some freshmen, Brad explains the rules of the dare, she simply must stay alone in the frat house for one hour! if she does she will get the funds. He also explains to her that the FRAT HOUSE IS HAUNTED! that doesn't appear to worry Katie one bit, as being in the science field she quickly dismissed his ghost story, and the heckling from the freshmen peanut gallery. She soon is alone in the frat house, confidently waiting till her hour is up, it's not even a few minutes when her clothes start DISAPPEARING... and that's only the beginning of Katie's nightmare, she hasn't even run into THE PHANTOM yet.. and this phantom has been known to TIE COEDS UP!