When minor-league hockey player Derek Thompson — who has a penchant for knocking out his opponents’ teeth every time he plays — disillusions a fan, he is sentenced to a stint for one week as a bona fide, tutu-clad, real-life tooth fairy. Soon, Derek is inspired to rekindle his youthful dreams.

Larry Guthrie, who loses his first love to the town hot shot, decides to win her back by volunteering with the children at her after-school program. When Larry accidentally tells the kids the Tooth Fairy is make-believe, he soon is transformed into a tutu-clad fairy with the “sentence” of collecting teeth.

Corey and his daughter, Sally, decide to go on a summer break with friends, Diane, Christy, Toby and Benny. Little do they know, Corey’s past is going to catch up to him.

The Tooth Fairy is back. 15 years after the events of the first movie, Corey, now grown up but mentally scarred has gone to a class reunion. However, the Tooth Fairy is back, and this time – You better have flossed properly.

A vengeful spirit has taken the form of the Tooth Fairy to exact vengeance on the town that lynched her 150 years earlier. Her only opposition is the only child, now grown up, who has survived her before.