While attending prep school at Warfield Academy, James Bond Jr. with the help of his friends I.Q. (supposedly the grandson of Q) and Gordo Leiter (supposedly the son of Felix Leiter), fights against the evil terrorist organization SCUM (Saboteurs and Criminals United in Mayhem). Expanding on his uncle's famous line, James Bond Jr.'s catch phrase was "Bond, James Bond. Junior."
James, IQ and Gordo use a stray dog which follows Bond back to the Warfield to locate its master who had the security plan of Scotland Yard, who is abducted by Skullcap; Dr. Derange needs the microfilm so that he can break through Scotland Yard's security so that he can place his acid bomb in Scotland Yard's building foundation and destroy it.
Dr. Derange takes control of the national weather satellite so that he would have complete control of the weather across England. He attempts to cause chaotic weather across the capital so Skullcap and his henchmen can do a series of robberies.
Captain Walker D. Plank plans to flood New Orleans by destroying the Levee with a large amount of explosive placed in a fake River Queen. During evacuation of New Orleans, Plank attempts to use this to his advantage to gain access to the U.S. mint and steal the printing press.
James and his friends race against time to get to an advanced prototype fighter jet which has crashed somewhere in wild country of Australia before Dr. Derange and his henchmen get there first.
In London, James and IQ come from a Sherlock Holmes convention, but Baron von Skarin, with his henchmen Jaws and Nick Nack, use a prototype super tank they stole and attack the city, but then a knock on the head causes IQ to think he is Sherlock Holmes.
Goldfinger hijacks a space shuttle in midair so that he can use it to bring an asteroid made up solid gold on a collision course with Earth. With the tracing software being designed by IQ, James and the gang head to Iceland where the signal of the space shuttle is coming from.
