Teens P.J. and Goose get their thrills on BMX bikes, performing hair-raising tricks all across Sydney, Australia. Along with their new friend Judy, they discover a box of walkie-talkies -- and find out that a gang of criminals intends to use them to monitor police signals during a bank robbery. When the young trio snatches the devices, it propels them on a hair-raising adventure in which their pedaling skills might just save their necks.
The eccentric and childish Pee-wee Herman embarks on a big adventure when his beloved bicycle is stolen. Armed with information from a fortune-teller and a relentless obsession with his prized possession, Pee-wee encounters a host of odd characters and bizarre situations as he treks across the country to recover his bike.