A British spy ship has sunk and on board was a hi-tech encryption device. James Bond is sent to find the device that holds British launching instructions before the enemy Soviets get to it first.

In Los Angeles, a gang of bank robbers who call themselves The Ex-Presidents commit their crimes while wearing masks of Reagan, Carter, Nixon and Johnson. Believing that the members of the gang could be surfers, the F.B.I. sends young agent Johnny Utah to the beach undercover to mix with the surfers and gather information.

When world heavyweight boxing champion, Apollo Creed wants to give an unknown fighter a shot at the title as a publicity stunt, his handlers choose palooka Rocky Balboa, an uneducated collector for a Philadelphia loan shark. Rocky teams up with trainer Mickey Goldmill to make the most of this once in a lifetime break.

After Rocky goes the distance with champ Apollo Creed, both try to put the fight behind them and move on. Rocky settles down with Adrian but can't put his life together outside the ring, while Creed seeks a rematch to restore his reputation. Soon enough, the "Master of Disaster" and the "Italian Stallion" are set on a collision course ...

Now the world champion, Rocky Balboa is living in luxury and only fighting opponents who pose no threat to him in the ring, until Clubber Lang challenges him to a bout. After taking a pounding from Lang, the humbled champ turns to former bitter rival Apollo Creed for a rematch with Lang.