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The story starts off with the Blind Master training on a secluded
mountain top. He learns that his only two disciples were killed by a
one armed man.
The Blind Master vows to kill the man, and brings a most deadly
weapon: The Flying Guillotine!
The One Armed Man who killed the Blind Masters disciples
(Jimmy Wang Yu) is himself a master of his own school, and is well
known in the martial art community. He hears of a tournament being
held and agrees to let his students go but only to watch, not to
fight.
During the competition the One Armed Boxer is asked to compete, but
refuses and leaves. Soon after the Blind Master appears at the
tournament and kills a man that had only one arm. He then announces
that he will kill every one armed man he comes across.
The word spreads and the One Armed Boxer learns of the Blind Masters
plans and devises a strategy to defeat him, After a series of battles
and close calls with the Flying Guillotine, the One Armed Boxer
finally defeats the Blind Master.