又是一个平静的日子，内裤爱好者八宝斋（永井一郎 饰）四面出击，惹得乱马（山口勝平 饰）、小茜、良牙（山寺宏一 饰）、珊璞（佐久間レイ 饰）等人纷纷加入进来，在镇上惹出巨大的骚动。正当众人闹得不可开交之时，一头裹挟着黑色杀气的大象突然袭来。它和美丽的主人向八宝斋发起攻击。与此同时，天空阴云密布，一艘巨船出现在空中。他们是来自中国内地寝昆仑的七福道神，这群神秘之人不仅抢走骑象少女带来的奥义经卷，还虏走了小茜。乱马一众不堪就范，决定启程前往中国…… 　　本片根据高桥留美子的漫画《乱马1/2》改编，系该动画的剧场版第一部。

There is no possibility of escape from slavery in the New Territories: the choice is simple, the mine slave mines or love slave.

After dying during a gun fight, a bunch of gangsters have their spirits trapped inside panties. Ashley chants a magic spell for luck....but that very moment, a gun fight breaks out across town. The spirits of newly-dead jewel thieves are suddenly sucked back to Earth - right into the girls' panties! The girls are infested with something far more itchy than fleas. The gangster-spirits hop from panty to panty.... and burrow through the FireWire, infecting all the models. In the meantime, Guido - the only gangster that escaped, sets out to interrogate the ill-behaved Spirits in each model's panties to learn the whereabouts of the missing Queen Shockra Jewel. Will the girls be able to release the gangsters from their panties and live normal lives? Can they help find the priceless jewel? Time is running out as they try to defeat the Curse Of The Pink Panties.

Terror lurks in the dreams of a young woman who discovers that she is connected to the supernatural world through her psychic nightmares.