Flash (Alan Arkin) was once a major league pitcher at the top of his form. Then he started drinking. Though he's now homeless, he suddenly gets a chance to play minor league ball in Minnesota, but he has to pay his way there. He takes to selling watches on the street, where he meets Emily (Carol Burnett), a music teacher of little talent who does a flamboyant busking routine for extra cash. Together, they discover a suitcase full of classified documents and try to make some money from it.
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