在这部捉鬼大师喜剧/恐怖片中,文化大革命席卷中华大地，一切反动派和牛鬼蛇神都被打倒。张天师后人张十一（郑则仕 饰）也不能幸免，受到了亲生儿子为首革命小将的冲击。他家有一口祖传埕子，相传500年前张天师的一名徒弟为非作歹，天师派出另一名徒弟将恶徒收入埕中。张十一抵死保护坛子，危难时刻将埕子抛入大海。未过多久，香港议院祁大川（冯淬帆 饰）在慈善拍卖会上买到这口埕子，祁的女友Mable找来旧相好——坑蒙拐骗的江湖术士陈百通（陈百祥 饰）测吉凶，谁知陈却阴差阳错揭开了里面的封印。夜幕降临，当祁的儿子天佑（张学友 饰）正吓唬女友阿Cat时，埕中恶鬼突然现身。人吓人、鬼吓人、人吓鬼，惊恐异常。不久，猛鬼附体，为乱香江。
另一边，张十一也辗转来到邪云密布的香港……
In ancient China, a demon was defeated in a fierce battle with a priest, who sealed it's evil spirit in a vase. Centuries later, during the cultural revolution, rebels attempted to gain possession of the vessel from the priest's descendant; however, he threw it into the ocean to keep it from being tampered. The vase was recovered years later in Hong Kong and was auctioned off to a councilman. The demon, unfortunately, escaped and took control of the councilman's body, beginning a spree of terror in the city.
精神结界，精神分裂，精神绝症。革命无罪，造反有理。从捉鬼大师看那个特殊的年份。
