Aldo (Tin-Tan) and his girlfriend Lucy reopen an abandoned opera house, but find out that the place is inhabited by a group of Phantoms wearing the Claude Rains' 1943 "Phantom of the Opera" costume.
Tin-Tan Cruz, a taxi driver who is accused of stealing money from tourists, escapes to an island where men are prisoners of god Mio Mao and women are ruled by wicked king Soleto.