Young Ben Crandall (Ethan Hawke) spends his free time watching sci-fi films, playing video games and reading comic books. Surprisingly, his affinity for all things fantastical yields a real result — when he has a vivid dream about technology, his science-loving friend Wolfgang Muller (River Phoenix) manages to create a working spacecraft. Joined by their buddy Darren Woods (Jason Presson), the boys take off into outer space and encounter some very odd extraterrestrial life.
A gadget salesman is looking for a special gift for his son and finds one at a store in Chinatown. The shopkeeper is reluctant to sell him the “mogwai” but sells it to him with the warning to never expose him to bright light, water, or to feed him after midnight. All of this happens and the result is a gang of gremlins that decide to tear up the town on Christmas Eve.
Teen misfits Gary (Anthony Michael Hall) and Wyatt (Ilan Mitchell-Smith) design their ideal woman on a computer, and a freak electrical accident brings her to life in the form of the lovely, superhuman Lisa (Kelly LeBrock). She outfits Gary and Wyatt in cool clothes, surprises them with a Porsche and helps them stand up to jerks Ian (Robert Downey Jr.) and Max (Robert Rusler). But, all the while, the boys must hide Lisa’s existence from Chet (Bill Paxton), Wyatt’s nightmare of a big brother.