It is an intentional satire of the Outlaw biker film genre. It follows two biker gangs, one male and one female.
The male biker gang are the "Born Losers". They are good guys with three missions in life: Find the evil, Destroy the evil, and find a really great lite beer. Their leader, played by Paul LeMat, has visions because of a steel plate in his head. He is being studied by one of his fellow bikers, who is from MIT.
The female biker gang are the "Women of the Wolf". Their leader, played by Eileen Davidson, was abandoned by her parents and raised by wolves. So now she has plans to create a new generation of fearless independent women by kidnapping baby girls and taking them to the woods to be raised by wolves. The male babies are sold on the black market.
In the inevitable clash, the leader of the "Women of the Wolf" must choose between the attraction she feels for the leader of the Born Losers, and the culmination of her allegedly feminist ideals.