When his friend Huang (Tony Leung Ka Fai) visits mercenary Ou-yang (Leslie Cheung), they trade stories including that of princess Mu-rong (Brigitte Lin), who is alternately male and female. Peach Blossom (Carina Lau) quarrels with her blind husband (Tony Leung Chiu Wai), a swordsman who wants to avenge the bereavement of a peasant girl (Maggie Cheung). The girl also attracts the favors of the swordsman Hung Chi (Jacky Cheung), who is forever trailed by his doting wife (Li Bai).