Ma is a grinning and arrogant young man who believes himself invincible, and with fairly good reason. He intervenes to save Captain Kao from robbery, then aids and abets the robbery of an old man, whose daughter Chin he falls instantly in love with. The stolen money was to pay a debt and, because he hasn't the money, the old man is mortally wounded by Sha, the debt collector's assistant. Ma spends the remainder of the film wooing Chin and baiting and fighting the villains, who seem to keep changing allegiances.
少年马山雁，武功高强，玩世不恭。某日因救高镖师而开罪欧行武。闹市中金凤父被小偷骗去还给沙兄弟之款项，适马路经发现，略施小计，将银骗回，马与金凤两人一见倾心。金凤父因还款不足而被沙下毒手，马将父女二人救出，但金父已死，金凤誓要报仇雪恨。沙兄弟因马屡次破坏好事而怀恨在心，後马母病危，马急回家，在路上中沙之陷阱被擒，而马幸得高镖师感恩图报，愿以生命作担保，准马回家十天。其实此乃欧和沙之一石二鸟鬼计，利用马作饵，迫高自刎。但马刚到家，便已被沙之人再擒获。後马与金凤用计脱身赶回时，发觉高已身亡，至此才知中计。马直捣沙家展开一场激烈的龙虎斗，结果大仇得歼，马与金凤终成眷属。
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