Kit Walker (Billy Zane) is the 21st in a line of men who have devoted their lives against piracy, corruption, and greed. The evil Xander Drax (Treat Williams) is equally determined to obtain the ultimate weapon of doom, the Skulls of Touganda. If obtained, he will be equipped with the ultimate weapon of destruction and the ability to dominate and control every living man, woman, and child. Kit Walker sets out to recover the skulls himself, and in the process, re-encounters his ex-girlfriend Diana Palmer (Kristy Swanson), who he turns to as an invaluable resource and companion. When Kit Walker discovers that one of Drax’s evil henchman, Quill (James Remar), is the killer of his father, the search is lengthened with complications. Join Kit and Diana on their adventure to locate the skull in the epic legend of, “The Phantom.”