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As the new school year begins at Spenser Academy, a New England boarding school for the region's reigning elite, students have gathered for a wild outdoor party to mark the end of the summer. Hundreds of feet above the gyrating bodies, Caleb Danvers and his three best friends walk to the edge of a dizzying precipice and drop unseen and unscathed before casually joining the fray. At the party, gorgeous newcomer Sarah Wenham is introduced to the boys by her equally stunning roommate Kate. The girls also meet an intriguing transfer student named Chase Collins, who quickly ingratiates himself into the group. When the police arrive to disperse the partiers, they discover the body of a student, dead of an apparent drug overdose. The school headmaster immediately suspects Caleb and his friends are somehow involved.