Tin-Tan Cruz, a taxi driver who is accused of stealing money from tourists, escapes to an island where men are prisoners of god Mio Mao and women are ruled by wicked king Soleto.
Aldo (Tin-Tan) and his girlfriend Lucy reopen an abandoned opera house, but find out that the place is inhabited by a group of Phantoms wearing the Claude Rains' 1943 "Phantom of the Opera" costume.