"Like Mike (Vallely, Carrol, any pro named mike)"
A young broke skater desperately trying to get sponsored. Opening scene - he sends out sponsor me tapes, a few weeks later receiving rejection letters saying "you just don't have what it takes"
Upset, he goes to skate some local spot, making some comment to a friend that he hopes he doesn't break his board, as he has no money for a new one. His board then shoots out, getting run over by a car, snapping his board, cracking his trucks, breaking his bearings, and flatspotting his wheels, completely unsalvageable.
Making his way home in tears, a kind old lady sees him and asks whats wrong. He explains his troubles to the old lady, who says, "my son passed away a few years ago but he had a skateboard hanging on his wall that some pro (named mike) gave to him at a demo, you can have it if you like". Young skater says thank you, i would love that.
Board turns out to have special powers, giving him what it takes to get noticed by companies. He picks up a few sponsors, who tell him he's going on tour, they won't let him use his mike board since it's not one of the team's boards. He struggles with a team board and the other riders seem to not approve of him, so he goes and grabs his mike board, which he uses to win over the whole team. They allow him throw some team stickers onto it and just stick with that board.
Weeks later, towards the end of their tour, they have a big demo in a large city, of which the importance is mentioned throughout the film. The night before he snaps his mike board. uh oh. He's freaking out and calls the old lady (Whose phone number he somehow has). The old lady tells him not to worry, the board didn't actually make him better, he had it inside himself the whole time.
He proceeds to shine at the demo, during which he wins over the heart of a cute girl as well as the "cool guy" on the team who never gave him a chance.
The end.
Notes - the old lady will be played by lil bow wow