Plays like an Exorcist spoof, which I assume was not the goal by the filmmakers, but that is what makes it entertaining
Reese went from the football field to the stage, where he's going to play the part of a man being hanged. Afraid he's going to choke, he and some friends sneak into the school at night to trash the stage. Once inside strange things happen, especially the hangman is being a noosance.
Will his friends leave him hanging, or will they hang around till the end?