A serial killer who is an expert at martial arts is preying on strippers in Manhattan’s Times Square. Night after night, he visits smoky strip clubs, waiting for his victims. The owners of the largest company of strippers in the city are Matt Rossi (Tom Berenger) and Nicky Parzeno (Jack Scalia). Rossi is a retired boxer who retired after having killed an opponent in the ring.

Matt and Nicky, are relentlessly dogged by Al Wheeler (Billy Dee Williams), a persistent police detective on the case of the murdered strippers, and hoping to find something to nail both Matt and Nicky on.

Matt is trying to reconcile with his former flame, Loretta (Melanie Griffith), whom also works as a dancer and has a off-again, on-again drug problem.

With the police constantly hounding them, and under pressure from his mob boss and other bosses to do something, Matt must somehow face his inner demons to find the killer before he strikes again…