Despondent over the closing of his karate school, Cobra Kai teacher John Kreese joins a ruthless businessman and martial artist to get revenge on Daniel and Mr. Miyagi.

Colt Cory is the Man With No Pants, a wanted outlaw who is out for Revenge against his old partner The Shogun. Colt is forced to compete in a fighting tournament were if he wins will get his chance at revenge.

After a nearly deadly encounter, a former artist finds himself down on his luck and failing to launch his martial arts business, when he receives a mysterious communique concerning a fight contest with a million dollar prize, he puts it all on the line to win.