As they celebrate their high school graduation, four friends are involved in a hit-and-run accident when their car hits and apparently kills a pedestrian on an isolated roadway. They dispose of the body and vow to keep the incident a secret, a year later somebody starts sending them letters bearing the warning "I Know What You Did Last...

Ever since killing the Fisherman one year ago, Julie James is still haunted by images of him after her. When her best friend Karla wins free tickets to the Bahamas, Julie finds this a perfect opportunity to finally relax. But someone is waiting for her. Someone who she thought was dead. Someone who is out again for revenge.

After an attack leaves him in limbo -- invisible to the living and also near death -- a teenager discovers the only person who might be able help him is his attacker.