Recent
Georgetown University graduates Alec Newberry, Leslie Hunter, Kevin Dolenz, Jules Van Patten and Kirby Keager wait to hear about the conditions of their friends: Wendy Beamish, a sweet-natured young woman devoted to helping others, and Billy Hicks, a former fraternity boy and now reluctant husband and father, after a minor car accident caused by Billy's drinking. At the hospital, Kirby spots an intern named Dale Biberman, with whom he has been infatuated since college. The group gathers at their favorite college hangout, St. Elmo's Bar. Billy has been fired from the job that Alec helped him secure. At their apartment, Alec pressures Leslie to marry him, but she thinks they are unprepared. Kirby is telling Kevin of his love for Dale when Billy shows up, asking to spend the night as he cannot cope with his wife Felicia. Jules accuses Kevin of being gay and loving Alec. When Kevin visits Alec and Leslie for dinner, Alec confesses to Kevin that he recently had sex with a lingerie saleswoman. Billy and Wendy get drunk together, and Wendy reveals that she is a virgin. They kiss, and Billy, tugging at her clothing, makes fun of her
girdle. Wendy insists they remain platonic friends. At St. Elmo's during a
Halloween party, Jules reveals to Leslie that she is having an affair with her married boss Forrester Davidson. Billy sees Felicia with another man in the crowd and attacks him. Billy is thrown out of the bar but reconciles with Felicia. The women confront Jules about her affair and reckless spending, but she insists that everything is under control. Kirby takes a job working for Kim Sung Ho, a wealthy Korean businessman, and invites Dale to a party at Mr. Kim's house, which he is using without Mr. Kim's permission. Wendy arrives with Howie Krantz, an ungainly Jewish boy whom her parents want her to marry. Alec announces that he and Leslie are engaged, upsetting her. She confronts him about her suspicions of his infidelity, and the two break up. Alec accuses Kevin of telling Leslie about the tryst with the lingerie woman. Jules gives Billy a ride home, and Billy makes a pass at her. Furious, Jules orders him out of her car; Felicia witnesses the confrontation. When Dale skips the party, Kirby drives to the ski lodge where she is staying and meets her boyfriend Guy. Kirby's borrowed car gets stuck, and Dale and Guy invite him in. The next morning, as Kirby prepares to leave the lodge, Dale tells him that she is flattered by his interest in her. He kisses her, and then Guy takes a photo of them before he leaves. Leslie goes to Kevin's apartment to spend the night after the breakup and discovers photographs of her. Kevin confesses his love for her, and the two have sex. Alec goes to the apartment to apologize to Kevin and finds Leslie there. Wendy tells her father that she wants to be independent and move into her own place. Jules has been fired from her job, fallen behind on her credit card payments, and her possessions have been seized. She locks herself in her apartment and opens the windows, intending to
freeze to death. Her friends attempt to coax her out, but she is unresponsive. Kirby fetches Billy, who landed a job at a gas station courtesy of Kevin, to calm Jules down. Billy convinces Jules to let him in, and they talk about the challenges of life, overheard by the rest of the gang. Wendy moves into her own place; Billy visits and informs her that he is getting a divorce and moving to
New York City to try making it as a musician, and the two have sex. At the bus station, the group gathers once more to say goodbye to Billy. Billy urges Alec to make up with Leslie, but she declares that she does not want to date anyone for a while. Alec and Kevin make up, and the group makes plans to meet for brunch. However, they decide not to go to St. Elmo's and instead choose
Houlihan's because there are "not so many kids" there. ==Cast==