I Know What You Did Last Summer's story takes place in the small, town whose income mostly relies upon the fishing community in North Carolina, as four friends share their final summer together before going their separate ways to college.

It is the Fourth of July, and Helen (Sarah Michelle Gellar) has earned the tittle of Croaker Queen in a beauty contest, to the excitement of her boyfriend Barry (Ryan Phillippe)-- a rich, cocky (aka: jerk), but very handsome jock; her best friend, the smart and ambitious Julie (Jennifer Love Hewitt) with her head on her shoulders; and Julie's boyfriend, Ray (Freddie Prinze, Jr.), a humble but bright guy from a working class family. In the Fall, Helen plans to go to New York to pursue her dream of becoming an actress; Ray is heading there too, to become a famous writer.

Barry and Julie are off to Boston, he to play collage football and she to go into law. With high school behind them and knowing that the fall will divide them, perhaps forever, the four friends make a pact to always be there for each other, no matter what happens.

That night, the four celebrate, partying at Oscar's Oyster Bar and driving out in Barry's new BMW to an isolated and romantic beach. After regaling each other with scary stories about what happens to trysting teens in remote places, and reveling in each other's company, they realize it's time to head home. Barry's had way too much to drink, and Ray has to drive them home. Barry's antics in the car, tossing cheap bourbon around, leads to a crash on notorious Reaper's Curve - they've hit something large in the middle of the road. It's a man!

The accident quickly shatters their party mood and Barry's buzz leaves him. Scared and confused they struggle with each other and their consciences over what to do with the body, knowing that calling the police, with their alcohol levels up and the car covered in booze, will undoubtedly lead to a conviction for vehicular manslaughter -- meaning no Boston, football and law school or no New York dreams come Fall. They finally make an uneasy decision to dump the body in the ocean, keep the secret to themselves and continue on as if nothing happened.

A year passes. Julie has gone to Boston but has not become the college success she expected to be. Back home for the summer, Julie's mom hands her a letter that has just arrived. Inside is a single sentence - "I know what you did last summer." Someone outside their circle knows their secret -- a clever and vicious tormentor who seems to know their weakest points, their deepest insecurities, attacking them where they are psychologically most vulnerable. Someone is determined to make sure that these four golden teens do not get away with their crime.

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[I know what you did last Summer]
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