Egon escapes from the psychiatric ward, where he has been incarcerated since the gang's last coup. Keld and Benny pick him up, and when Egon, as always, is planning the big heist, the Olsen Gang is once again on the move.
At their 25th high-school anniversary some bourgeois citizens remember their time in school as a happy one. In reality it was quite the contrary. The school was a madhouse in which the teachers, especially Blomme, tormented the students. As a result one of them became a murderer.
The steward Walter and the cobbler Carlo is tasked to provide not the Little, but the High Mermaid to two agents in Kennedy airport in New York. Already on arrival complicate the hapless heroes into a series of spy intrigue involving agents from both sides of the Iron Curtain
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