金蛇江小郎是个浪子, 风流鬼. 他被人控告诱骗未成年少女被侦缉队专员龙拳陆啸云所捉所发生的一系列故事。

边城守将王达奎奉命协同神刀飞爪门袁雄缉拿荒江十四妖归案，未料十四妖越狱，联合天残四怪，寒霜二霸前来寻仇，杀恐袁雄师徒。袁女金莲双目失明，需得王府药酒医治，并与王女美君结成好友。十四妖等到王府寻仇，金莲在美君帮助下双目得以复明，与王家众人及师兄吕道生联手对抗，终将群魔诛杀。

龍君山受僱於金面人殺人, 不料殺的是其兄鐵二胡. 山偶從兄二胡找到鷹牌, 乃冒其名赴天鷹山莊追查. 趙三雄與女秀秀及一眾江湖人物齊集, 等待開莊, 山卻獲莊主雷震天手下雲少鵬之邀進莊. 原來金面人聲言殺天, 天遂發鷹牌延高手保護, 更擬請鐵友吳不常出山相助. 山請纓尋常, 惟常已過世, 山卻於途中不斷遇襲, 時鵬突然現身, 山不禁生疑, 隨鵬同返山莊, 直言不諱. 天與義子士英見群雄逐一遇害, 僅雄父女倖存, 認定是鵬所為, 迫鵬自盡明心. 鵬死後金面人向天自揭面具, 天驚見雄臉. 原來雄為報殺妻之仇, 安插親子英於天身邊伺候時機 ; 惟天亦早悉英有所圖謀, 命鵬詐死. 鵬現身護主, 雙方對決, 雄父女與天、鵬俱亡, 英亦終死於山的手下.

A one-armed martial arts master is being stalked by an Imperial assassin, the master of two fighters killed in the previous film. When the One-Armed Boxer is invited to attend a martial arts tournament, his efforts to lay low are unsuccessful, and the assassin soon tracks him down with the help of his three subordinates: a Thai boxer, a yoga master, and a kobojutsu user.