In a world where both humans and supernatural beings co-exist. Former detective turned criminal investigator, Eric Cordell (Christian Slater) is looking into the case of the grisly murders that have been popping up left and right, similar to what happened to his twin brother prior when Eric was a detective that night. However, Supervisory Criminal Investigator, Charles Rhodes (Clancy Brown) brings in vampire FBI agent, Colette Newman (Heather Langenkamp) to work alongside Cordell on the case, while the two were analyzing evidence on the recent murders, Cordell stumbled into the ghost of the victim at the crime scene. Larry Thomas (Jim Varney), after giving information about his killer accompanies them to solve the case and catch the individual responsible for the murders, including Larry.
However things turn serious when Eric realizes that the killings were done by the dream demon, Freddy Krueger (Robert Englund). The same man that killed his brother. Unbeknownst to the three, inside the local sewers there's a chain of arms trafficking run by the werewolf crime boss, Xander Vexx (Denis Leary) who's been keeping an eye on the trio, thanks to the corrupt officials in the same work place that Cordell is a part of. Later on, Krueger stumbled into the crime boss when he killed one of his clients, who was one of his targets. The stakes grew higher when Vexx and Krueger compromised to work together against them, can the three stop the two villains once and for all?
