展辉（惠天赐饰）是个四海为家的书生，某夜路宿湖北破庙，即遇怪异的迎亲队伍。展辉惊见新娘貌若天仙，却于轿内向他含泪救助。此时霹雳四射，狂风大作，鬼王现身抢亲，时又出现一侠士薛三与鬼王缠斗。展辉拾获薛三古剑一把，临走将散落地上骨灰捡入瓶中。醒后，展辉怀疑自己做了一场怪梦，次日，展辉入城投宿客栈，客栈老板娘对他纠缠不已，忽有女子入门，此女竟是夜轿中新娘，自称小翠（朱宝意饰）。为报救命之恩而来，清晨展辉起身，佳人芳踪已杳。展辉上街访友，又遇小翠及其丫环，而小翠对他却视如陌路，展辉怀疑不解。后来得知此女即为自己所访韦叔之小女小恕，尤感蹊跷。是夜小翠再现，道出小恕乃为其妹。而自己早已是鬼魂。因鬼王垂涎其美色，要让她永远不得超生。展辉欲助小翠投胎转世，衷求无忧观道士作法，但作法非赖小翠血亲相助不为功。小恕不顾父母反对，与展辉合力共度难关。迎回小翠骨灰，道士作法超度，与鬼王发生争斗，赖薛三古剑赶走鬼王，但在超度法场，又被鬼王将小翠捉走。展辉求道士助其前往阴曹地府救小翠。三人合力下继一场厮杀后，鬼王被消灭，黎明乍现前小翠与展辉离开阴曹地府。

"Chinese Ghost Story" clone, with "Erotic Ghost Story" treatment. Scholar Tsin Fai arrives in a strange village where the beautiful Siu Chui mysteriously arrives in his room and into his bed. Next day, in the street, she treats him as a stranger...