The plot is brilliant and textbook Disney. Think It's a Mad, Mad, Mad, Mad World meets The Cannonball Run but with college kids!
I loved every team, even the Blue one. Michael J. Fox makes an appearance too as the brother of David Naughton's character, and Paul Reubens even steps in with a few lines too.
I loved the sheer insanity of it. Seek it out if you haven't already seen it.