This is a brilliant Taiwanese movie adaption of "Sentimental Swordsman, Ruthless Blade." Li "Little Flying Dagger" Xunhuan comes back to his home after three years of wandering. He has decided to have a normal life, but a group of skilled fighters and leaders are bent on killing him, so they can be ranked top by Bai Xiaosheng in his renowned list of the best warriors in the martial arts world. Li Xunhuan battles them as he searches for his estranged friend A'fei, who is now married and living in seclusion. Li asks A'fei to join forces and fight against a new threat that wants to rule the world: the Money Clan.

大光灯是富家阔少爷，由法国返回香港，继承遗产，怎料继父已将全部遗产赠送慈善机构，遗下给他的只是四字真言：自力更生。一夜之间，阔少爷落难无家可归，暂寄居前管家炎叔家中，与此同时，大光灯开始寻回已各奔前程的昔日四个乐队——人行支票乐队的队友，是非精、柠檬头、猫粪。猫粪是颇负名气的舞男，是非精贪图金钱，好逸恶劳，甘愿继续其舞男生涯，而柠檬头经不断碰壁，放弃对表妹的盲目追求，与小凤同赴外国深造，生意则转让给大光经营……

Shih Erh, a Taoist monk disciple, takes in a scholar named Tsui Hung-Chuen after he inadvertently burned down his house after battling a demon. Shih Erh and his master Wu Men-Chu house and attempt to protect Tsui from the demons and spirits that lurk nearby; however, Tsui encounters a benevolent female ghost named Mo Chiu, who is confined to the hands of the wicked King Ghost.