Unbeknownst to the adults, all the girls in camp bet money on the contest and divide into two "teams," each rooting for and egging on either Ferris (Tatum O'Neal) or Angel (Kristy McNichol). At the same time, the girls engage in typical teenage behavior such as food fights and other activities. The girls involved in the contest are opposites and rivals: cynical, suspicious and streetwise poor girl Angel Bright and naive, prissy and romantic rich girl Ferris Whitney. Both girls discover that "it" is not what they thought it was.