Lawrence Blake, a greedy land developer, has his eye on the racetrack property owned by Sammy Phillips and his stunt show. Blake plots to put Sammy out of business and then buy up the property at a discounted rate, so he hires hit man Bill Gordon to eliminate Sammy. The plot backfires, and although Sammy is injured he insists the show go on. Sammy's daughter, Lisa, hires Michael to drive stunts in Sammy's place. With the aid of K.I.T.T.'s computers and hi-tech equipment, Michael performs some death-defying spectacles that dazzle the crowds, but set him up as Blake's next victim.