[it is LA]
Keanu: I am a super-awesome FBI agent! Just see how I can shoot many things and get a 100% on my shooting things test!
[some guy gives him a THUMBS UP]
Swayze: Check out my awesome surfing skills! I am as good at surfing as Keanu is at shooting things!
[meanwhile, at a BANK]
Dude in a Reagan Mask: We are the Ex-Presidents! Give us your cash!
[they MENACE people but do not KILL anyone and get a bunch of MONEY]
Keanu: Now I will report to my new assignment. I sure hope I get a good case to work on, and a cool partner.
John C. McGinley: Keanu! How can your name in this movie possibly be Johnny Utah? That is not a real name!
Keanu: I promise, it's real.
John C. McGinley: You think you're sooooo great, don't you? Young, dumb and full of cum?*
Keanu: Uh, gross.
John C. McGinley: Well, here's your partner.
Gary Busey: Fuck you! I hate you! But we are partners! Let's work together! Here is some background info about this Ex-Presidents bank robbers thing.
[they INVESTIGATE the bank robbers' CAR but have NO LEADS]
Gary Busey: So I have this theory that the bank robbers...are SURFERS! They only strike in the summertime, and I can totally see a tan line on this guy's butt.
Keanu: That makes total sense. Let's use that admittedly-weak theory to build an elaborate undercover operation that requires me to learn to surf.
[they pretend to SURF on their DESKS]
Keanu: Now to try real surfing.
[there is a SURF MONTAGE and he SUCKS at it]
Lori Petty: You seriously suck at surfing.
Keanu: Maybe you can teach me.
Lori Petty: No! I have too hard an exterior! You will never find out how to connect with me emotionally, never!
[Keanu uses his FBI ACCESS to learn that her PARENTS were KILLED in a PLANE CRASH]
Keanu: So, hello again. I just thought I'd let you know that my parents were killed in a car crash. That's why I want to learn to surf.
Lori Petty: My hard exterior! It's crumbling!! Okay, I will teach you.
[there is ANOTHER MONTAGE]
Swayze: So you're learning to surf from my girl here. Pretty radical.
Other Surfers: Who the fuck is this guy? We hate him! Our natural reaction to outsiders is hate!
Swayze: But he's a famous football quarterback from Ohio State!
Other Surfers: Okay, we love him then.
My Roommate Tina: Surfers do not play football. I'm just saying.
[there is some MORE SURFING]
Gary Busey: Dude, are you conducting an investigation or just hanging out?
Keanu: I'm conducting an investigation!! And hanging out. Simultaneously. It's radical. Also, I think the Ex-Presidents surf on this beach because we analyzed some hair follicles or something.
[he goes to THAT BEACH and encounters some ANGRY SURFERS]
Anthony Kiedis: We are gonna give you some scar tissue!!
[they have a FIGHT and Keanu STARTS to kick some ASS but there are FOUR of them]
Swayze: I got you, buddy!!
[they BOTH kick some ASS and it is GREAT]
Keanu: Thanks, man. I feel really close to you right now. What's the deal with those dudes?
Swayze: They only live to get radical. They don't understand the sea. They'll never get the spiritual side.*
Keanu: Oh. I bet they're bank robbers!
[they RAID the bad surfers' HOUSE but it turns out they are just DRUG DEALERS]
Tom Sizemore: YOU FBI FUCKERS FUCKED UP MY UNDERCOVER PROJECT! DO YOU THINK I LIKE MY HAIR LIKE THIS???*
[there is a SURF PARTY]
Swayze: Let me take this opportunity to tell you about the BIGGEST WAVE EVER that is about to happen in Australia. I will be on that big wave.
Keanu: I will remember that.
Lori Petty: Remember earlier when you crumbled my hard exterior? Wanna crumble it further?
Keanu: I wanna taste you.**
Lori Petty: Wait, you're an FBI agent? What the fuuuuuuuuuuuuck?!
Keanu: I'm working a case! It's not about you! I'm sorry I lied about my dead parents!
Lori Petty: I am so betrayed!!
Keanu: Oh well, back to the beach.
[one of his SURF BUDS moons someone...JUST like the BANK ROBBER]
Keanu: Of course! Only a bank robber would moon someone! I'll tail my friend Swayze and see if he cases any banks!
Keanu: We need to be at this bank! They're gonna rob it!
Gary Busey: Could you just get me a meatball sub real quick?
[they MISS the robbery because of the MEATBALL SUB]
Keanu: Shit! I guess it's time for a foot chase between me and Reagan Mask Guy!
[there is a VERY LONG FOOT CHASE through many YARDS and HOUSES and Keanu goes through a SLIDING DOOR]
Keanu: You won't get away, Reagan Mask Guy Who May or May Not Be My Best Bud Swayze! I will jump down into this ravine...AAAAGAHHHAHA! My football injury!
[the Reagan Mask Guy, who he SUSPECTS is Swayze, gets STUCK and Keanu could SHOOT him]
Keanu: What if it's my friend? I CANNOT SHOOT HIM.
[he SHOOTS into the air in ANGUISH]
Gary Busey: You could have shot him.
Keanu: I missed.
Gary Busey: You got a 100% on that shooting test! You don't miss.
Keanu: Uh. It was my football injury?
Swayze: Hey man, wanna go skydiving? YOU KNOW YOU WANT TO GO SKYDIVING.
Keanu: I have no proof that he is a robber! And I don't want to blow my cover! What do I do?
[he GOES and it is PRETTY FUN and lasts for like a REALLY LONG TIME]
Keanu: Hey, that was fun!
Swayze: Oh, by the way - I totally kidnapped my/your girlfriend and she's gonna die if you don't assist us in the last bank robbery.
Keanu: WHAAAAAA? Okay. I love her, I guess.
[the last robbery goes HORRIBLY AWRY and people get SHOT and KILLED]
John C. McGinley: Ha ha! Now I get to arrest you for being a bank robber! My comeuppance has come!
Gary Busey: I'll take him in...NO I WON'T SUCKAAAAA
[he takes him to the AIRPORT where Swayze is ESCAPING in a PLANE and there is a SHOOTOUT and Gary Busey DIES and it is ACTUALLY SAD]
Swayze: Get on the plane or I will kill you!! Even though we are friends. Or something.
Keanu: Okay. I will figure out a plan once we're in the air.
[he JUMPS without a CHUTE and they have a MID-AIR fight and it is AWESOME and they BOTH LAND alive]
Swayze: Goodbye. I am going to leave you here in the desert. See you in hell, or perhaps on that big wave I told you about earlier.
Lori Petty: You saved me! I don't even care that you're a liar!
[they SOMEHOW get out of the DESERT, though they have NO CAR or anything]
Keanu: I will track Swayze to the ends of the earth - literally! Because I am now in Australia, where that big wave is going to happen.
Swayze: Good job, dude. You gonna arrest me? Or you gonna let me ride that big wave?
[they GAZE at each other in a MODERATELY GAY WAY]
Keanu: Get on that wave.
Australian Police: What! You let him get away. I guess we'll catch him when he comes back.
Keanu: He's not coming back.***
[he WALKS AWAY, in the RAIN]
**Not an actual line, but suggested by my roommate Stephanie. Could definitely be an actual line based on cheesiness of the rest of the dialogue.
***Actual line that, although I had never seen this movie before, I spoke along with Keanu with the correct delivery.