While inside of a magician's magic cabinet, aspiring journalist Sondra Pransky is visited by the ghost of a dead reporter who has received a very hot tip in the afterlife. He tells Sondra about a rising young politician named Lord Peter Lyman who may be the notorious tarot card serial killer. With the magician in tow, Sondra sneaks her way into Lyman's life. Sondra finds increasing evidence that the tip from the ghost is true, but finds herself falling...

Fred Madison is a saxophonist who finds a video tape on his doorstep that shows the interior of his house. He becomes convinced that someone has broken in and calls the police. He finds another videotape showing him killing his wife. The police arrest him for murdering his wife. In prison, he inexplicably morphs into a young man named Pete Dayton and begins living a completely different life. When Pete is released, his and Fred's paths begin to cross...