Ted goes to the Kingswood Owners Club fancy dress ball as King Felix of Krasnai. However, some revolutionaries think he is the real king and kidnap him. They hold Ted and Bruno for $1.5 million ransom.
Bob persuades Ted to go into the video hire business, with Ted being Captain Video and delivering the videos on a motor cycle. What Bob doesn't tell Ted is that they are blue movies, which causes problems with the police and Sister Maria.