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In 1971, air-conditioner repairman and boat enthusiast Jim McCormick entertains his desire to 'go down' as a legend in the record books when the Gold Cup hydroplane boat race improbably comes to his small town of Madison, Indiana. Immediately, Jim seizes his opportunity to enter the contest. With a motley crew of fellow mechanics and friends at his side, Jim fixes up his old boat and brings hope to the blighted industrial city.