When the macho, swaggering Chazz Michael Michaels (Will Ferrell, Anchorman: The Legend of Ron Burgundy) takes to the rink, he is the rock star of the arena, leaving a trail of thrashed ice and shrieking female fans in his wake. The only competitor who can match Michaels’ scores—on the ice, that is—is the driven former child prodigy, Jimmy MacElroy (Jon Heder). Spotted as a youth executing triple lutzes on the frozen pond of an orphanage, MacElroy was whisked away to days of endless training, and now stands as the picture of poise, the personification of the highest ideals of the men’s sport.

Michaels and MacElroy have met in finals rounds before, but their latest head-to-head at the World Championships—when they tie for first—is more than either one can bear, and their longstanding rivalry erupts into a no-holds-barred fight. The ensuing brawl not only sets fire to the World Championship’s helpless mascot, but lands both athletes in hot water: Chazz and Jimmy are called before the sport’s governing board, stripped of their gold medals and banned from the sport for life.

Now, three-and-a-half years later, both men are still trying to find their way in a world without competitive skating. Michaels has devolved into a drunken party machine, skating as a costumed evil wizard in a kiddie ice review, and MacElroy has been banished to the shoe department of a chain sporting goods store.

But then, inspiration (in the form of Jimmy's over-friendly, former stalker) strikes, and a loophole emerges. To skate again, all Chazz and Jimmy have to do is set aside their long festering hatred of one another and join forces—as the first male-male figure skating pair to compete in the history of the sport...if the sport survives, that is.