Wimpy young executive, Michael is about to get pulverised by a jealous boyfriend in a bar when a handsome, mysterious stranger steps in—and then disappears. Later that night, Michael runs into a stranger on a pier, who wheedles his way into Michael's life and turns it upside down.
The world of Eternia in the aftermath of Skeletor's war on Castle Grayskull, which he has won after seizing Grayskull and the surrounding city using a cosmic key developed by the locksmith Gwildor. The Sorceress is now Skeletor's prisoner and he begins to drain her life-force as he waits for the moon of Eternia to align with the Great Eye of the Universe that will bestow god-like power upon him.