The land is ruled by the tyrannical Lord of the Castle, Von Wurtzburg, who taxes the citizens to a point where most can only afford to wear burlap sacks.
After failing to assassinate him, with traps set up by his henchman Iron Glove, he plans to wed Sir Wilhelm to his daughter, Helena, and murder him later.
The enraged Von Wurtzburg decides to have Sir Wilhelm masquerade as Robin Hood to capture the bandits.
When Scarlet is about to be executed by hanging, Robin swoops in to rescue him from the gallows and rides off only to discover that the bagged prisoner is actually Iron Glove.
Simultaneously, Robin's gang rally the peasants into an uprising as the Lord's soldiers head into the woods to look for the escaped Venla.
Pop-artist Ilkka Lipsanen, credited by his stage-name Danny, appears as a singing bard in-between major scenes to narrate the story in song-form.
Model Seija Tyni who performed in the official advertisements for the gas-station chain Esso appears in a scene parodying the commercials.
The film's cast is composed of Pasanen's stock actors including Simo Salminen, Juhani Kumpulainen, Jukka Virtanen, Ere Kokkonen and Leo Jokela.