Mike, a factory worker and street car racer, owns an
XY Ford Falcon GTHO. His hippie parents are somewhat distant. He gets involved with a local race gang headed by Fox, club ("aces") owner and drug dealer, then starts a relationship with Fox's girl, Julie. Mike's car is ambushed and set on fire by the Gazzard boys, who run an
FB Holden. Mike saves the car from total destruction (and their lives) by driving it into a swamp. He takes what's left of his "pride and joy" to Rebel, a blind mechanic who has adopted Mike as a surrogate son. He modifies the engine for
nitrous oxide operation, but the race ends when he drives into a log-carrier and wakes in hospital. The Ford is beyond repair, so Rebel gives Mike his supercharged '57 Chevy to race against Fox, a chance for vicarious victory. Mike's assistant Tony has become disenchanted with being sidelined, but agrees to help one more time. Mike challenges Fox again, and wins. Fox, whose illegal operations have been taken over by the crooked cop Jagger and his sadistic sidekick Dave, kills himself by driving into a concrete barrier and is immolated. ==Cast==