It depicts the legendary Oolung Yuan (or "Boondoggle Monastery"), nestled all alone deep in the mountains. Hidden in it is a book of kungfu secrets. Good guys and bad guys alike are consumed with the desire to possess it. Only because of two little monks, one clever and cunning, the other an adroit kungfu fighter, the good master is rescued, the monastery saved and the villains vanquished.
嚴格說起來，《新烏龍院》沒什麼故事內容，電影敘述座落在深山的烏龍院，因為傳說藏有武林秘笈，而引起黑白兩道覬澧靠著機靈古怪和功夫了得的兩名小和尚，才得以救師、護寺，打退歹徒。