During the Northern Song Dynasty, foreign tribes coveted the territory of the Great Song, creating a confrontational situation between the Han and non-Han ethnic groups. Qiao Feng (portrayed by Felix Wong), the leader of the Beggars' Sect, was falsely accused of being a descendant of the Khitans as revenge for rejecting the love of Kang Min (portrayed by Yim Wai-ming), the wife of the deputy leader. He was despised by martial artists in the Central Plains. Determined to clear his name, Qiao Feng searched everywhere for clues about his origin. During this period, he met Duan Yu (portrayed by Benny Chan), the prince of Dali, and the monk Xu Zhu (portrayed by Fan Siu-wong), and they became sworn brothers.

杨康的儿子杨过（古天乐 饰）自小被郭靖收养，郭靖希望他学好，于是送到了桃花岛跟黄药诗学习。杨过在桃花岛上整日被郭芙和大、小武欺负，一气之下独自出走了。杨过被古墓派的小龙女（李若彤 饰）收留，认她作姑姑，生活在活死人墓里跟小龙女学习武功，日久天长，两人渐渐互生情愫，决定今生今世结成夫妻，永远生活在古墓。可惜机缘巧合下，他们最终要走出活死人墓，去经历一番江湖恩怨，两人最后能否有情人终成眷属？