作家蝴蝶因工作失意欲跳海自尽，却被一对情侣误作打劫，情侣逃走时遗下财物，蝴蝶遂找好友娟一起送还财物，未想却发现这对情侣互相残杀，为免惹警方怀疑，蝴蝶仿效侠盗黑玫瑰留下记号，结果却引出黑玫瑰的真正传人飘红和艳芬，将蝴蝶捉去，暗恋蝴蝶的吕奇警官前往相救，没想到却被飘荡红和艳芬这对疯疯颠颠的姐妹硬认做是当年的负心汉，于是引发出笑料百出的奇遇来。

《92黑玫瑰對黑玫瑰》本來是一部致敬1966年楚原導演，南紅，陳寶珠，謝賢主演的電影《黑玫瑰對黑玫瑰》，《92黑玫瑰對黑玫瑰》本身是徹頭徹尾的港產cult電影，以香港電影早期的粵語長片為戲仿解構對象，營造出強烈的顛覆感和懷舊氛圍。此片挖掘出了梁家輝的喜劇細胞，真正的冷麵笑匠，配上奶聲奶氣的聲音，讓人捧腹。作品裡男女對唱《舊歡如夢》等幾首老歌皆是經典場面。 劇情：黃蝴蝶（邵美琪飾）是一個童話作家，因為世道低迷鬱郁不得志就去了海邊散心。沒想到誤打誤撞變成打劫了一對情侶，第二天約了好友阿娟(毛舜筠飾)前去歸還財物又目睹了黑幫黑吃黑，差點被人殺害。就這麼兩個倒霉的女人，竟然想出利用粵語殘片中的人物——「黑玫瑰」來轉移警方的視線。

阿娟一時粗心留下指紋，成為「黑玫瑰」，不但被警方通緝還被黑道追殺。而她們冒認的「黑玫瑰」原來真有其人，黑玫瑰的後人眼見師父的名譽受損，於是重出江湖抓了黃蝴蝶進入玫瑰莊拷問。黃蝴蝶逃跑玫瑰莊之後打電話向一直暗戀自己的警官呂奇求救，反而連累呂奇一起被囚禁在玫瑰莊，面臨被逼婚的命運.........。

編劇黃蝴蝶（邵美琪　飾）與好友周惠娟（毛舜筠　飾）誤打誤撞下捲入黑幫仇殺。兩人慌忙離去，卻一時貪玩，仿效粵語長片中俠盜黑玫瑰留下記號，有心轉移警方視線。怎料，她們就此惹上一段荒誕離奇驚險的遭遇。黑玫瑰的傳人飄紅（馮寶寶　飾）與艷芬（黃韻詩　飾）出現將蝴蝶捉去；暗戀蝴蝶的呂奇（梁家輝　飾）警官前往相救，峰迴路轉……

A poet named Butterfly and her friend Kuen visit a stranger's mansion to return some possessions that were unintentionally taken. At the house, they stumbled upon an illegal weapons trade that ultimately went bad. To evade the police from interrogations, the two innocent witnesses wiped away their fingerprints and left a note that stated that the crimes were committed by "The Black Rose," who is known to be a fictional hero in a 1965 movie. However, a recovered fingerprint caused Kuen to be the prime suspect, and the apprentices of the Black Rose, apparently a real hero whose legacy was portrayed in the 1965 movie, attempt to seek the truth in the matter by confronting Butterfly.

작가 황나비는 업무에 의해 실의에 빠지고 투신 자살을 하려하지만 도리어 한쌍의 연인들에 의해 재물을 뺐겼다. 나비는 친구와 함께 재물을 다시 찾으려 한다. 그러나 그 연인들은 서로를 죽였고, 경찰은 나비를 의심하게 되는데…