<P> I Know What You Did Last Summer received mixed reviews from critics, but was commercially successful, grossing over $125 million at the box office . It was also nominated for and won multiple awards . As a result, the film has been parodied and referenced in popular culture . </P> <P> The film was followed by two sequels, I Still Know What You Did Last Summer (1998) and the straight - to - DVD release I'll Always Know What You Did Last Summer (2006). Though the former film sees a continuation of the plotline established in its predecessor, the latter film establishes a new plotline and does not star any cast members from the previous two installments . </P> <P> On the Fourth of July in Southport, North Carolina, senior high schooler Julie James, her boyfriend Ray Bronson, her best friend Helen Shivers, and Helen's boyfriend Barry Cox are all driving home from Helen's queen coronation at the Croaker beauty pageant . Along the road, they accidentally hit a pedestrian . Max, who has a crush on Julie, stops by but is convinced to leave . After some arguing, the group decides to dispose of the body . However, the man awakes while they're tossing him into the sea . Shocked, the group agrees to never again discuss what had happened . </P> <P> One year later, a disheartened Julie is home from college for the summer . She and Ray have broken up, and Julie, once a model student, has been failing exams all year . She receives a letter with no return address, stating, "I know what you did last summer ." Julie informs Helen, who works at her family store and feels similarly dispirited . They take the note to Barry, who immediately thinks Max responsible . They go to the docks, where Max works, and Barry threatens him with a hook . Julie meets Ray who's now working as a fisherman; he tries to reconcile with her, in vain . Later, Max is killed by a figure in a rain slicker wielding a hook . Barry discovers a note in his gym locker saying "I know ." His jacket is stolen and he's almost run over by the slicker guy driving Barry's car . </P>

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