Billy (Ed Harris) is the undisputed leader of a roving band of hardened bikers who support themselves by jousting at medieval fairs and selling their intricately designed wares. As their fearsome reputation and popularity grow, commercial pressures begin tearing the tightly knit group apart. Despite Billy's attempts to maintain his noble and chivalrous vision, his star performer (Gary Lahti) entertains outside offers, while his arch-rival, Morgan (Tom Savini), prepares for a final battle.