As I'm re-reading it and trying to correct all the embarrassing mistakes I'm going to post character sketches here. Some of them contain spoilers, though, so there's not really any fun in posting those...
I've never taken a crack at coming up with a plot synopsis outside of spouting my ideas off to my friends, so this is my first attempt:
Ted is a shoulder demon (one of those guys that sits on your shoulder trying to get you to do bad stuff) who has lived with a human named Oly for as long as she can remember. When Ted's angel counterpart is killed he is instructed to return to Hell so that the balance of angels and demons on Earth will again be even. Problem is, Ted doesn't want to go back. Oly enlists the help of her superhuman boyfriend, Fakeout, who is the reluctant and under-appreciated sidekick of the town superhero, The Spectacle. The group of friends quickly realize that going up against the forces of Hell itself isn't as easy as they'd hoped and they're going to need all the help they can get.
Good enough for the back of a 1980's VHS.
The first character sketch I'm posting is Happenman, the town's washed up superhero from yesteryear. Whereas most hero's powers are clearcut and convenient, Happenman's powers are wildly unpredictable at best.