自幼父母双亡的胡斐(黎明)随家仆平四在砖窑场隐居,为避免被人认出遭遇伏击,二人在人前总作平凡人打扮,但私下胡斐却是刻苦习武,终练成胡家刀谱。 得悉对他施过一饭之恩的钟四一家被燕南天(徐锦江)之子燕子胥逼害,胡斐出头教训了燕子胥并把他捉至北帝庙,但终被燕南天救出。胡斐尾随燕南天赶往京城准备伺机报仇时,遇上行踪飘忽的袁紫衣(张敏),被其吸引,不久两人互生好感。其后袁紫衣不幸遭人下毒瞎了双眼,为救她,胡斐向药王传人程灵素(李嘉欣)求救,却引来另一段恩爱情仇。A swordsman learns about love and life when he falls for one woman and another girl falls for him. Meanwhile, he and the one he is in love with must fight an evil warlord bent on corruption.