江湖中有天争教，教主武功高强，手段残酷，现身时均罩面具，故无人认识，因图独霸武林，时派教徒四出屠杀不愿臣服的帮派，致江湖闻风色变。大侠吕南人，嫉恶如仇，其妻薛若壁，美丽娇艳，夫妇感情极好，某日探知天争教要袭击好友凌北修，乃邀高手三心神君等赶往相助，于路上见名胜终南道观被烧毁，道士及掌门都被惨杀，知亦系天争教所为大为愤激，抵凌家时，凌已被掳，其妻孙敏亦失踪，急谋援救，不幸三心神君被杀重伤，吕不敌挟三逃遁，三伤不支，临知透露天争教虎视吕家飘香剑诀及藏宝的秘密，吕霍然震惊，急奔返家，适家被围，奋力冲杀，教徒纷逃，旋获薛泣告被教主污辱，吕不禁愤恨，然见薛凄楚可怜之状，不忍严责，薛就向夫婉劝将私藏献出，然后逃亡避祸，吕怒骂之，致薛悲伤欲绝。越日，吕举家迁逃，薛于途中留一纸示绝而去。吕逃至祖上藏宝洞中，遇见隐多年隐侠南偷北盗，教以绝艺，且告知所谓吕家藏宝，吕大感悟，决心消灭天争教。凌被擒受不住美色诱惑降敌, 并愿搜杀吕、孙等以表真心, 不久教徒多人被吕所杀, 教主大惊, 逼迫凌完成使命, 凌立率众大举搜寻, 于途遇孙敏, 竟不念夫妻情份举刀杀之, 继设计擒吕, 被深爱吕的女侠萧苹所知, 即伪杀侵入天争教, 几经艰险, 将吕救出且重创凌, 凌死前向吕忏悔其一生罪孽, 并吐露教主秘密,吕大惊：教主竟然是自己的妻子薛若壁。

A golden-masked clan master, who had killed many top fighters, was determined to acquire an invincible sword manual so as to rule the martial world. Hence, he pursued a swordsman who possessed the manual, but the latter managed to escape and discovered a cave whereby he met two martial arts masters who taught him the invincible sword skills...