本片導演徐增宏為六、七十年代「武俠新世紀」潮流的中流砥柱。故事描述女俠明珠(井莉 飾)的師父遭黑虎幫歹徒偷襲重傷,臨終囑往找故友之女青青(舒佩佩 飾),探問失蹤財寶。歹徒偷聽得遺言,先去劫走青青,途遇「大羅劍俠」周應龍(張翼 飾),怒打不平……The noble Liu family are separated when bandits besiege their city, and some treasure goes missing. Many years later, a group of youngsters are tasked with finding the treasure and a Liu family heir. A swordsman gets caught up in the tale.