Veteran comic actor George Segal plays a wealthy industrialist whose real passion in life is paint-gun war games. In fact, he's so addicted to these quasi-military games that he insists on being addressed as "Colonel." The way to promotion in his company is through these games, rather than through doing a good job. Hard working Ann (Jennifer Edwards) is tired of seeing less competent males promoted because of their war game skills. She joins forces with the Colonel's wife Florence (Sally Kellerman), with whom he's in the midst of a divorce, and the other company wives to form their own war games team. They hire a mercenary (Lou Ferrigno) to train them, leading to a climactic showdown with the men.