We open in Frost's Lair, where the famous Mr. Frost sits on his gigantic Ice Throne, stroking his kitty, Princess Popsicle. A man with a bag over his head is dragged into the room by some of Frost's minions, then they pull the bag off to reveal that the man is Richard M. Nixon. Nixon is all beat up and is missing an arm for some reason. Frost is like "Hammer time!" then picks up an Ice Hammer and smashes it in Nixon's face. He's like "You thought you were gonna get away with it, didn't you, Nixy-Boy?" Nixon doesn't say anything, he just spits blood at Frost. One of the minions breaks a stalagmite off the floor and holds it to Nixon's throat. "You want me to kill him now, boss?", he asks, but Frost calls him off. "No, this one's mine," says Frost, "I should've done this a long time ago..." He picks up his Radioactive Ice Gun and points it at Nixon. "Any last words, Chief?" he says, while loading a power crystal into the magnetic particle chamber. Nixon finally speaks: "Yeah, Frosty... I'll see you in Hell." A single tear rolls down Frost's cheek as he aims the gun at Nixon's face and pulls the trigger.
48 HOURS EARLIER. Frost/Nixon are on Nixon's private yacht, sipping martinis and doing cocaine. Nixon is like "I'm sure glad we became friends after that interview a few years ago, Frosty" and Frost agrees, "Yeah me too, Dick, you sure know how to party!" Nixon puts down the cocaine bowl for a second and gets real: "Let's agree, that no matter what happens, we'll remain best BFF's forever." A single tear rolls down Frost's cheek, as he removes a switchblade from his pocket. Nixon's bodyguards are like "What the fuck" but Nixon tells them to stand down, because he trusts him. Frost cuts open his pinky finger and then does the same to Nixon. Then they suck each other's pinkys. The bodyguards are creeped out, because it's pretty weird. Frost is like "We are now Blood Brothers" and then they continue doing cocaine while some strippers come out and blow them.
Later that night, Frost/Nixon are still out at sea getting fucked up. Nixon's assistant (Kevin Bacon) comes over and he's like "It's time to go back, sir" and Nixon reluctantly agrees, "Okay, party pooper, let's turn this cocksucker around." Kevin Bacon turns the boat around and crashes right into a giant fucking iceberg, and the boat starts getting sucked into a whirlpool or something. Also a storm just started so it's really dramatic with lightning and shit. Kevin Bacon's like "Come on Mr. President, we have to get to the life boat!" But Nixon won't go because he's hanging on to Frost who has fallen over the edge of the boat and is getting sucked into the mystical iceberg whirlpool. A single tear rolls down Frost's cheek as he yells "You have to let me go, old friend, save yourself!" and Nixon's like "No! Never! We are Blood Brothers!" Then out of nowhere, Kevin Bacon cuts off Nixon's arm with a chainsaw, forcing him to let go of Frost, who falls to his supposed death under the sea. Nixon is like "NOOOOOOOOO" but Kevin Bacon says he did it for his own good. After crying for a minute, Nixon says he understands. Then he pulls out Frost's switchblade and stabs Kevin Bacon in the neck. He throws Bacon into the sea and then gets into the life boat and drives away from this clusterfuck by himself, leaving all the bodyguards and strippers behind.
Frost wakes up under the sea, in a mystical ice cave, surprised to find out that he's alive. Kevin Bacon is there too, but he's bleeding all over the place. Frost notices that he has been stabbed in the neck with the switchblade that he (Frost) gave to his Blood Brother (Nixon) earlier. He's like "Why would my Blood Brother do this to you?" And then Kevin Bacon reveals the shocking truth... this whole thing was part of Nixon's plan to kill Frost. But Kevin Bacon being killed wasn't part of the plan, so that's why he's like "fuck Nixon" now. Then Kevin Bacon dies. A single tear rolls down Frost's cheek, as he holds Kevin Bacon in his arms. "I can't believe my Blood Brother would betray me like this. I will avenge your death, Kevin Bacon... Mark my words, Mr. Frost will have his revenge."
Now we're back in the first scene, after Frost has captured Nixon and had his minions drag him into the Ice Cave. He holds up the Ice Cannon and pulls the trigger. But then it is revealed that he didn't shoot Nixon at all, he actually shot all of his minions. It only took one shot to kill all of them because this Ice Gun uses special power crystals from the planet Jupiter. A single tear rolls down Frost's cheek as he tosses the gun aside. Nixon is like "Why didn't you kill me, Frosty?" Frost sits down in his Ice Throne and sighs, "I can't do it, old chum... You're my Blood Brother." Suddenly, Kevin Bacon crawls out from behind the throne, covered in blood. Turns out he actually didn't die yet. He points a gun at Nixon and says, "I ain't nobody's fuckin' Blood Brother" then he fires at the former President. Frost is like "Nooooooooooooo" and jumps in front of Nixon in slow motion, taking the bullet for him. Kevin Bacon's like "Dammit" because he only had one bullet. Then Kevin Bacon dies.
A single tear rolls down Nixon's cheek as he cradles Frost in his arm (because he only has one, remember). "It's all gonna be okay, Frosty," cries Nixon, "It's all going to be okay..." but the bullet hit Frost right in the fucking brain, so he's already dead. "I'll never forget you, Blood Brother..." Nixon sucks on Frost's pinky one last time. Suddenly, one of Frost's Ice Minions walks into the cave, all "Sorry I'm late" and sees that every other minion is dead, and one-armed Former President Richard Nixon is kneeling on the floor with dead David Frost's pinky finger in his mouth, crying like a baby. The minion is like, "This is too fucked up" and just shoots himself in the face. ONE WEEK LATER... Nixon returns home to his golden mansion. He goes over the fireplace and looks at a photo of him and Frost doing cocaine and fucking strippers, and smiles, remembering the good times. Then, out of nowhere, Kevin Bacon walks in from another room with bags on his feet like Mark Whalberg in The Departed. He shoots Nixon in the head and his body falls into the fireplace. Kevin Bacon lights him on fire, then he sits down in Nixon's chair and dies.