17-year-old Dane Thompson, his 10-year-old brother Lucas, and their mother, Susan, move from Brooklyn to the quiet town of Bensenville. Dane and Lucas befriend Julie, the girl next door. Dane and Lucas find a trapdoor with several locks along each side. They discover a hole which appears to be bottomless. When Julie arrives, they lower a video camera into the hole. They look at the recording and see static. They turn away from the screen to their mother. At this moment, an eye appears on the screen.

Over the next few days, each of the kids experiences strange events. One day, the little girl appears in the boys’ home. The trio follow her to the basement and watch, as she crawls into the hole. The previous owner of the house, Creepy Carl, now lives in an abandoned glove factory. When the kids tell him that they have opened the hole, he berates them for releasing the evil inside…