Early in the game, the player learns of the scheme by Fudd's wife and Lorealle's stepmother, the wicked Queen Morgana the Black, who plots with her lover Sir Pectoral to have her daughter by a previous marriage to be on the dying King's side and therefore become the sole heir.

Lorealle has been abducted and held in the castle of Morgana's witch sister with the intent to marry the evil Beast in order to be excluded from the prophecy.

In order to make certain that Lorealle will be not rescued in time by any knight, Morgana conspires so that the Union Hall picks the most incompetent and unworthy of them, Eric the Unready – the player character.

Bud the Wizard (a pun on Budweiser) informs the player that in order to access the castle, he must find several magical items: the Pitchfork of Damocles, in the leaves of the tallest tree in the Enchanted Forest; the Crescent Wrench of Armageddon, within the walls of Blicester Castle; the Raw Steak of Eternity, guarded by the Stygian Dragon; the Crowbar of the Apocalypse in the mists around the Mountain of the Gods; and the Bolt Cutters of Doom owned by an enchanter in the Swamp of Perdition.

The player can collect a newspaper from each area/day which describes Eric's latest mishaps and other fictional "news" of the game world, usually puns on pop culture.