In this hip supernatural tale, a blonde, surgicallcy-enhanced MTV VJ named Thing finds herself unemployed when ratings on her show fall. Thing loses herself in the New York party scene, where her mind is anesthetized by a continuous flow of pink cocktails administered by an always lurking "Black Rabbit".

Meanwhile, a small boy named Bobby Peterson in America's heartland is digging in his backyard sandbox when the hole suddenly starts funneling inward, sucking up Bobby, his parents, and most of his house, then stopping as abruptly as it began. As the media covers this phenomenon, the hole expands, sucking in reporters, policemen and anyone else standing nearby.

Thing has always felt she has a higher purpose, so when her replacement is lost in the hole as well, she takes back her old job and begins a search around the country for the truth behind the hole. Leaving a trail of new holes in her wake, Thing realizes she has a powerful connection to the phenomenon, and she may be the only one who holds the key to the meaning of the hole.