Forging a sword made from a meteor that fell from the sky, Flavio, alongside his dragon partner Bagwis, are soon thrust into a battle against the evil forces of Lizardo.

Long ago, the evil wizard Lizardo (Phillip Salvador) sent an army of monsters to subjugate the land and its people. Lizardo succeeded, but a prophecy tells of a comet that will fall to Earth, and a man who will wield a weapon that will free the people from Lizardo's tyranny. Flavio (Bong Revilla Jr.) is a blacksmith content with living a quiet, uneventful life in a town mostly untouched by Lizardo's evil, but when the comet of prophecy lands on the outskirts of town, the peace-loving but brave Flavio's destiny is immediately made clear. His arch-enemy Lizardo attempts to ruin the peace and harmony of their dwelling place, affecting the inhabitants. The evil warlord challenges Flavio by capturing his beautiful lady love Maria (Iza Calzado). A series of events take place, bringing the blacksmith (panday) to the forefront of a full-blown war against Lizardo's troops.—ledster