It was archived for over ten years after its premiere, because Alexander Godunov, a famous ballet dancer in the Bolshoi Theatre and one of the film's leads, requested political asylum in the United States.

An evil warlock, Malgrim, tries to bribe Melicent with a future suitor in exchange for Merlin's magical brooch, which can only be effective when passed on as a gift.

Meanwhile, sometime on the thirtieth of June in the early twenty-first century, Sam Penty (said suitor), a resident artist in an advertisement agency, experiences a creative block concerning an image of a "stocking girl" for a commercial, which he must finish by the end of the day.

Lady Jane, the ghost of the Peradore castle, travels to the twenty-first century, to warn Melicent that Sam is in danger and bring her back.

The epilogue shows Sam and Melicent, now married and without a shred of memory pertaining the film's events, taking a tour of the Peradore Museum.