Steven Karp is headed to college. He meets his new roommates, Marshall, Lloyd, and Ron, and they tell him they are throwing a party. The four set off to invite girls to their party. Later, much to his own surprise, Steven is actually fitting in at the party--until his dad Hal shows up. Hal tells Steven that he and Steven's mom are getting a divorce. Hal leaves Steven to take in the big news, and meets Ron, who takes him back to the party for some news. Lizzie catches Steven crying over the news, and suggests that they have sex. The next morning, Steven wakes up to find his dad sharing his bunk. Lizzie is nowhere to be seen.
Eric comes to visit Lizzie since he misses her so much; after Lizzie has told Steven that she is going to break up with him. Meanwhile, Ron, Lloyd, Marshall and Rachel finish off a keg together. Marshall decides he needs to find a way to get away from "normal." After Lizzie breaks up with Eric, he is devastated, and talks to Steven about how much she's meant to him. Steven's conscience gets the better of him, and he helps Eric win her back.
Rachel, Steven, and Lizzie get hooked on cheating after a strung-out townie sells them some really good term papers. Meanwhile, Ron is forced to take a long hard look at his online trading habit after the stocks he bought with Lloyd's cash bottom out.
When Marshall gets sick, Rachel suggests that he use natural remedies. Since he's got a big time crush on Rachel, he says he'll try it. Meanwhile, Steven starts to get pissed off that he's always having to sleep in the rec room because of Lloyd's sex life. Lloyd finally settles on a girlfriend, only to discover she is much needier than he thought.
Adam Sandler visits the campus to perform, which gets everyone excited. Even better, they discover that Perry has gotten Adam to hang out on their dorm floor after the show. When Adam leavesthe "after-party," he invites Lizzie to go with him. Will Eric explode when he finds out she cheated on him again?
An enraged Eric and his two bumbling buddies storm UNEC after getting wind of Lizzie's other lover, leaving Lloyd to train Steven in self-defense. Steven decides to hide out until the coast is clear, but while he's gone, Eric discovers Lizzie has his term-paper on disk. Will Steven get his only copy of the paper back?
Hal convinces Steven to rush his old fraternity. Despite being tortured by the frat guys, who make him eat loads of pickles, Steven likes having new friends. The guys start to miss Steven, who spends all his free time at the frat house, and try desperately to stop him from going through with the pledge ceremony. Meanwhile, Lizzie decides to be a little sister at a sorority.
War breaks out between the guys and Books after Steven quits pledging the Theta frat during Greek Week. In order to stop the madness, the guys steal the Theta letter from the frat, and hold it hostage (and of course, they have some "fun" with it as well). Meanwhile, Lizzie and Tina try to subtly point out to Rachel that she's gained the "Freshman 15," and they end up offending her instead.
Steven assumes that since he and Lizzie slept together, he will now be her boyfriend. Lloyd tries to tell him that that's not always the way it works, but Steven doesn't want to listen. Eventually Steven learns from Lizzie that it was indeed a fling, because she has a boyfriend. Steven is determined to win her back, and asks her to the movie showing of "American Pie" on campus. Will he be able to convince her that he's the one for her?
Steven is forced to get a job working with Marshall in the school cafeteria after his tuition check bounces and Hal is out of work. Not prepared for the rigors of the working world, Steven has personality conflicts with his manager. Marshall is the manager's favorite worker, but Steven finds him to be quite bad at the job. Meanwhile, Lloyd sets Rachel up with Jimmy, a freaky guy from his acting class who only speaks in impersonations.
Marshall has to break it to his parents that he's decided to major in music instead of business. Ron helps him cover the news by pretending Ron's guitar is his, until Marshall performs at the talent show. Meanwhile, Rachel hides everything "naughty" in a stuffed frog, including her stash of condoms. When her parents discover the items, they are not pleased.
The guys and gals get together for a game of "Truth or Dare" where lots of intimate secrets are revealed. Steven is offended (and jealous) when Lizzie reveals her best sexual experience was with Eric and not him. The gang also discovers that their friend Perry is still a virgin.
Marshall, jealous that both Steven and Ron have girlfriends, goes to Lloyd for help. Meanwhile, Rachel and Tina decide that Lizzie is on the rebound. They don't want her to hurt Steven, so they try to convince her to stay single and party with them.
Steven attempts to give Lizzie the perfect date after hearing what Eric used to do for her. Steven's high school friend Theo unexpectedly comes to visit the college campus, but his plans to spend time with Steven are thwarted due to his plans with Lizzie. Theo is forced to attend a party with Ron, Lloyd, and Marshall. Marshall deals with his zit while Lloyd tries to score a "chick" but is rejected because of the way he treated her roomate, one of his prior "conquests."
Marshall finds a new japanese girlfriend on campus and communicates with her through translators. The relationship was formed, in part to make Rachel jealous. The plan works and Marshall discovers Rachel likes him after her and Ron send prank calls to Kicooki using the translators. Steven's attempts at avoiding his father cause Hal to meet RA Hillary. They commence in an affair which sparks Lucien's jealousy. He makes it his mission to get Steven kicked out of the dorm but fails. Lloyd and Steven decide to strike revenge by performing tasks such as barracading Lucien in his room with a pop machine. It is surfaced that Hillary was simply using Hal to get to Steven and the relationship is ended.
With its future still undeclared by Fox, the comedy's freshman year closes out with a guest spot by Ben Stiller, who plays the trashy, shaggy former stepdad of Lizzie's ex, Eric, who still regrets losing her. But hope springs eternal after she agrees to attend Eric's birthday party, leading the slacker to seek out his platitude-spouting father figure for tips on winning her back. Sadly, the only thing Lizzie wants to repair is her hair after a faulty dye job turns her into a frantic, frizzy blonde mess with no patience for her current beau, the unhelpful—and hopeless—Steven.
Steven is introduced to the Bible and later becomes obsessed with the good book. Ron gets in an argument with Eric on the telephone and decides to get Steven and Lizzie back together. Ron talks to Lizzie and convinces her that getting back together with Steven is the right thing to do. Unfortunately, when Lizzie shows up in Steven's room and tries to make out with him, Steven prevents the attempt and starts speaking words from the Bible. Lizzie, becomes infuriated and storms out. Ron goes to her room and she says she wants nothing to do with Steven...later calling Steven a jerk. Ron goes to Steven's room and yells at him. Steven realizes what he has done, but it is to late. Also in this episode, Lloyd is lead to believe the purpose of his existence is meaningless, after he is told so by his professor. During this episode, a depressed Lloyd, clothed only in his boxers and a towel over his shoulders, cause all sorts of trouble....reason being, he doesn't think it matters. Lloyd is returned to normal when he hears another student playing the violin. He begins to cry and says that her playing was beautiful. The girl yells at him, saying her playing sucked, and Lloyd just stands there.