In the continuing saga of the Corleone crime family, a young Vito Corleone grows up in Sicily and in 1910s New York. In the 1950s, Michael Corleone attempts to expand the family business into Las Vegas, Hollywood and Cuba.

A band of fighting Ming Dynasty loyalists branded as enemies of the state are driven underground following the burning of the Shaolin Temple by Qing Dynasty officials. Due to a misunderstanding, Shaolin kung fu prodigy Fong Sai-yuk is duped into helping Qing agents to capture leading Shaolin rebel Hung Hei-gun. Upon discovering his mistake, Sai-yuk teams up with the remaining rebels to free Hei-gun before his planned execution. Plotting to stop them is General Che Kang, a formidable Tibetan kung fu master who commands an army of fighters including four deadly Tibetan llamas.

本片为张彻导演，并与倪匡合编，由姜大卫及傅声主演，傅声更藉此获1974年亚洲影展最有希望青年男演员奖。片中，姜饰演怀才不遇的油漆小工，因不满现实，养成狂放自傲的性格；傅饰厌倦拘束的富家子，当他遇上姜后，即被姜洒脱的生活方式吸引，二人终成莫逆之交；姜之女友李丽丽，欠了高利贷，被威逼当娼，傅暗向父索巨款……

书生陈仲躬（石隽 饰）的母亲身患重病卧床不起，为使母亲康复，仲躬向上天许下宏愿，母亲因此而恢复了健康。之后，为了还原，仲躬来到终南山向高僧讨取残经，在一处荒废的庭院之中潜心抄写。
入夜，庭院里传来袅袅琴声，一位名为素素（林青霞 饰）女鬼出现在了仲躬的面前。原来，素素死后遭到了恶鬼胁迫，被迫替恶鬼卖命，而仲躬正是她此次的“猎物”，可是仲躬生性平和善良，素素几次尝试都不忍心下手。之后，仲躬在古井之中找到一面古镜，这正是素素生前所有。素素自知自己和仲躬人鬼殊途注定无法在一起，与此同时，厉鬼亦对仲躬产生了兴趣，要将他害死。