In an American desert town circa 1955, the itinerary of a Junior Stargazer/Space Cadet convention is spectacularly disrupted by world-changing events.

A group of 21st-century colonists inhabit an underwater city called Pacifica. Originally intended as a purely scientific installation, the U. S. government wants to stash all its gold reserves from Fort Knox there, along with a fantastic new radioactive element. The brother of Pacifica’s returning former commander plans to steal the gold and on top of that, the city faces destruction by an asteroid from outer space

A giant asteroid is heading toward Earth so some astronauts disembark from a nearby space station to blow it up. The mission is successful, and they return to the station unknowingly bringing back a gooey green substance that mutates into one-eyed tentacled monsters that feed off electricity. Soon the station is crawling with them, and people are being zapped left and right!