Jesse "The Body" Ventura plays Abraxas, a universal policeman called a Finder. He's been sent to earth to bring in his former partner Secundus who's turned renegade. Secundus is searching for a "negative" universe. If he can find it, he thinks he will control our universe. But he needs to solve the Anti-Life Equation to enter the negative universe, and the solving of the equation somehow requires Secundus to impregnate the first human woman he finds. Abraxas captures Secundus and is ordered to kill the woman, but he relents. The woman gives birth to a baby boy.
Five years later, the boy, named Tommy, seems perfectly normal except that he doesn't speak. Secundus believes that the boy will somehow solve the Anti-Life Equation and escapes to seek the boy and his mother out, with Abraxas in pursuit.
Any relation to Terminator 2: Judgement Day is purely coincidental.
Ventura has appeared in a few good films -- he was in Predator, and appeared in "Jose Chung's 'From Outer Space'" which was easily the best ever X-Files episode -- but he's slumming here. This is really bad.
The film was filmed around Thornbury, Ontario and contains some interesting Canadiana. Both Secundus and Abraxis have talking wrist computers called Answer Boxes. Secundus's Answer Box is voiced by none other than Moses Znaimer.