Agreeing, Goddard is let out of a limo with only the clothes on his back. Meanwhile, Crasswell tries to make the experience as miserable as possible for him. Goddard is befriended by a number of skid row inhabitants, including Fumes and Sailor (Theodore Wilson and Howard Morris). He also meets and falls in love with Molly (Lesley Ann Warren), a former Broadway dancer who seems slightly unhinged.
Goddard eventually adapts to his life on the streets and is regretful when he's ready to return to a normal life. However, things don't go as planned, he finds out that Crasswell had no intention on Goddard winning the bet. Enlisting the assistance of Fumes and Molly, Goddard leads a small army of skid row inhabitants to confront Crasswell as a business party.
Life Stinks was produced by Brooks Films and distributed by Metro-Goldwyn-Mayer (MGM). The film premiered in July of 1991 and was rated PG-13.