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Three sexy business school grads want to start a new magazine, "Soaking Wet". They use their persuasive sexual powers to convince a local banker to lend them the money they need. They get their loan but must stop back once a week to pay the "interest" on the loan. When they get the money, they get a new car and rent a beautiful house in Beverly Hills. They then seduce the three printers, two male models, a writer, and the world's best photographer in a hot scene with Ron Jeremy. Will they get their magazine published and on sale?