A one-armed martial arts master is being stalked by an Imperial assassin, the master of two fighters (the Tibetan Lamas) who were killed in the previous film. When the One-Armed Boxer is invited to attend a martial arts tournament, his efforts to lay low are unsuccessful, and the assassin soon tracks him down with the help of his three subordinates competing in the tournament: a Thai boxer, a yoga master, and a kobojutsu user.

Mi Wey is a local hero named after “Killer Meteors”, his secret weapon which makes him invincible. However, when “Immortal” Wa Wu Bin, another powerful local character seeks his assistance, Killer Meteor will face the greatest and the deadliest challenge of his life.