The Mean Green Teen Machine, three reptilian-like surfing ghosts, catch a wave into New York City in order to satisfy their unquenchable craving for pizza. After a day of battling the three ghosts, the Ghostbusters decide to test Egon's latest machine which can provide any desired dream... or nightmare!
In flashback, the Ghostbusters recount their most dangerous exploit: the time they spent the night in Heck House, the most haunted house on the planet, inhabited by thousands of ghosts! For their troubles they are to receive a million dollars apiece, provided they survive the evening until dawn, without their Proton Packs!