After an opening sequence in which we watch Magic Lizard roller-skating around the city to the accompaniment of 80s dance music, recycled footage from the earlier Giant and Jumbo A shows us some space aliens landing in a pink flying saucer. One of the aliens steals into a cave beneath a temple where the hapless but lovable Magic Lizard appears to be responsible for guarding some kind of treasure. After threatening Magic Lizard with a light saber, the alien makes off with a crystal of some sort, after which Magic Lizard starts with the high-pitched nattering and spazzing out that will characterize his behavior for the rest of the film. He runs to Yuk Wud Jaeng, the demon-like living statue previously featured in both Giant and Jumbo A and Tah Tien and pleads for his help. Yuk Wud Jaeng takes off into the heavens, not to be seen again for some time.

The story of a kind monk named by the own people as LUANG-TA. Other than doing his regular religious chores, he also helps people and society in many ways such as taking care of the orphans and the less fortunate in society. Also give advises to prostitutes and wanderers.