美女总裁捡了个小乞丐回家，没想到对方竟然是自己千年前的师尊。轮回转世过后，再续千年之约。小乞丐一路横推，所向披靡，重归巅峰王座。

五胡乱华时代，西蜀兵探子狄明奇幸得南海派丁引相救才避免误入魔教，见丁引武艺高强，他大力劝其挺身而出救助天上苍生，并想拜其为师，遭丁引拒绝。丁引师弟昆仑派掌门人晓如在与魔教护法的打斗中被血魔附身，丁引决定带他到瑶池仙堡疗伤。 因丁引是能让堡中冰焰不灭的有缘人，正在闭关修行的堡主出关救下晓如。而丁引不慎被血魔所伤后，堡主却因耗尽元气无力救助，只能将冰镜打破，冻住血魔，但众人也皆被冰封住，仅有狄明奇、晓如徒弟一真与仙堡女弟子逃脱。为普救天下苍生，三人决定到天刀峰寻找李亦奇女侠与紫青双剑。

五胡乱华时代，西蜀兵探子狄明奇（元彪 饰）幸得南海派丁引（郑少秋 饰）相救才没误入魔教，见丁引武艺高强，他大力劝其挺身而出救助天上苍生，并想拜其为师，遭丁引拒绝。丁引师弟昆仑派掌门人晓如（刘松仁 饰）在与魔教护法的打斗中被血魔附身，丁引决定带他到瑶池仙堡疗伤。 　　因丁引是能让堡中冰焰 不灭的有缘人，正在闭关修行的堡主（林青霞 饰）出关救下晓如。而丁引不慎被血魔所伤后，堡主却因救晓如耗尽元气无力救助，只能将冰镜打破，冻住血魔，但众人也皆被冰封住，仅有狄明奇、晓如徒弟一真（孟海 饰）与仙堡女弟子（李赛凤 饰）逃脱。为普救天下苍生，三人决定到天刀峰寻找李亦奇女侠（翁倩玉 饰）与紫青双剑。

欢瑞世纪举办电影发布会，计划今年投拍七部电影。杨幂、李易峰主演的[怦然星动]、[古剑奇谭]，后者由程小东执导。林岭东执导，吴彦祖、李易峰、郭采洁主演的[飞霜]。徐静蕾监制的[绝情华尔街]，古天乐监制的[新蜀山]。章家瑞执导的战争爱情片[战火倾城]。另有时尚都市电影[量体裁情]。

As professional clowns Tito and Simon are traveling, they happen upon an abandoned child, whom they take in and name Simonetta. When Simonetta is older, she becomes a circus performer herself. One day she is looking for roses, and climbs into the garden of Count Luigi Ravelli. The count becomes infatuated with her, but she leaves as soon as possible. Sometime later, Ravelli consults a doctor about his fits of uncontrollable laughter, and there he meets Tito, who has come to seek help for his fits of uncontrollable weeping. The two decide to help each other, and they establish a friendship, but problems arise when they realize that they are both in love with Simonetta.

As professional clowns Tito and Simon are traveling, they happen upon an abandoned child, whom they take in and name Simonetta. When Simonetta is older, she becomes a circus performer herself. One day she is looking for roses, and climbs into the garden of Count Luigi Ravelli. The count becomes infatuated with her, but she leaves as soon as possible. Sometime later, Ravelli consults a doctor about his fits of uncontrollable laughter, and there he meets Tito, who has come to seek help for his fits of uncontrollable weeping. The two decide to help each other, and they establish a friendship, but problems arise when they realize that they are both in love with Simonetta.

千百年来，神魔势不两立，峨嵋叛徒丁隐违抗师命，闯入魔界，练成血影神功，危害天下苍生，峨嵋少侠李紫琼、周青云、上官警我、严灵云及严金蝉为灭丁隐，遂上路寻找紫郢、青索两把灭魔宝剑。途经紫玲谷遇上改邪归正的欧阳平，平加入灭魔行动。众人历遇险境，终取得紫郢、青索两剑。 但此际丁隐已练成魔功，能化身血影，杀人于无形。琼、云虽得宝剑，奈何二人与上官警我、西藏星宿教女教主沙艳红已隐入纠缠不清的四角爱情之中，未能练成无情剑法，而与丁隐之正邪决斗在即。

丁隐（夏韶声 饰）原是峨眉派弟子，然而心术不正叛逃至魔界，练就了血影神功，一时间，天下苍生接受其祸害，生灵涂炭。少侠李紫琼（杨宝玲 饰）、周青云（李婉华 饰）、上官警我（关礼杰 饰）等人联手，想要除掉这一祸患，然而丁隐实力强大，唯有获得紫郢和青索两把灭魔宝剑，练成无情剑法，才能够彻底将孽障铲除。 　　一路上，众人经历了无数生死攸关的危机时刻，凭借他们强大的实力和高超的智慧一次又一次的死里逃生，并且最终顺利获得宝剑。然而，杨紫琼和周青云却陷入了一段十分复杂的四角恋情之中，导致无情剑法练就失败，一时间情况十分紧急。

丁隐（夏韶声 饰）原是峨眉派弟子，然而心术不正叛逃至魔界，练就了血影神功，一时间，天下苍生接受其祸害，生灵涂炭。少侠李紫琼（杨宝玲 饰）、周青云（李婉华 饰）、上官警我（关礼杰 饰）等人联手，想要除掉这一祸患，然而丁隐实力强大，唯有获得紫郢和青索两把灭魔宝剑，练成无情剑法，才能够彻底将孽障铲除。 　　一路上，众人经历了无数生死攸关的危机时刻，凭借他们强大的实力和高超的智慧一次又一次的死里逃生，并且最终顺利获得宝剑。然而，杨紫琼和周青云却陷入了一段十分复杂的四角恋情之中，导致无情剑法练就失败，一时间情况十分紧急。

蜀山群山之中的昆仑山，掌门孤月大师（张柏芝饰）与徒弟玄天宗（郑伊健饰）相恋，事先预感邪恶的幽泉血魔会进攻昆仑，自知无力抵抗的她，为保天宗性命而借故赶他下山，并将昆仑秘藏武器“日月金轮”交付天宗，而自己则为血魔所杀，昆仑山灵气尽被吸去。 　　二百年后，邪恶力量再次侵犯正派，峨嵋开山祖师峨嵋真人（洪金宝饰），惟恐此战伤及凡间，乃派大弟子丹辰子（古天乐饰）前往山下疏离凡间正在交战的军队，在途中与程乐天（章子怡饰）、玄天宗相遇，却意外发现血魔的秘密，并因而落入陷阱。在生死之际峨嵋真人率弟子前来救援，玄天宗赫然发现其中一名女弟子李英奇（张柏芝饰），样子竟酷似师傅孤月大师。同时，峨嵋真人发觉中了血魔诡计，一场更为凶险的正邪大战即将展开……