The movie concerns a group of bored, privileged high school students at a private school. This particular group has a love for games about lying, which they come together to play once a week. All is hunky dory in their group until their ringleader Dodger (Lindy Booth) brings in an outsider named Owen (Julian Morris), a British newbie who got kicked out of his last school for drug possession and for getting a bit too close to the headmaster's daughter. In a flash of creativity, the group cooks up one big lie for the entire school to fall into, involving the murder of a local townie. The lie is simple: A serial killer called The Wolf is terrorizing campus and will strike again when the full moon is out. Suddenly, strange messages show up, people's rooms are wrecked, and people are running for their lives away from a person dressed to fit the description of The Wolf.
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The film is expected to continue without Mendes' involvement.