It's 1928. San Francisco PIs Sam Spade and Miles Archer are engaged by a young lady to shadow a man she alleges has kidnapped her sister. Not true--and Archer is soon the late Archer, leaving Sam to seek both his killer and the titular statue.

In 1820s Mexican California, Don Diego Vega appears to be part of the aristocracy. In reality, however, he is Zorro, the outlawed swordsman who has sworn to protect the citizens from tyranny and injustice.