Steve (Nick Giannopoulos) is a second-generation Greek Australian. Steve is unemployed, but manages to get by, helping out here and there. His pride and joy is his VF Valiant Pacer. Whilst helping out a compensation-oriented neighbour, Steve has a minor car accident involving the Minister for Employment, vampily played by Geraldine Turner. The net result of this encounter is twofold; Steve gets to meet Celia (Lucy Bell) whom he is instantly attracted to but who initially hates him, and Steve gets outed on national television by Derryn Hinch as the worst dole-bludger in Australia.
Steve manages to turn this around to his advantage, and becomes famous as The Wog Boy, spearheading a campaign to improve the employment status of the country. In the interim, he makes variable progress with Celia.
Steve (Nick Giannopoulos) is seen driving a dark blue 1969 VF Valiant hardtop during the movie, which was allegedly given to him by his father. During the film, it is said that the car's original engine was a 245-cubic-inch (4.0 L) 6-cylinder hemi, which was later replaced with an 8-cylinder engine.
The Australian Chrysler Valiant range of cars were often and sometimes still referred to as "Wog Chariots" or "The Greek Mercedes."