In a playful, meta take on the Western genre, the film opens with a voiceover that imagines what would happen if one of Rex O'Herlihan's old adventures were shot today. The moment the idea lands, the world shifts from black-and-white to color and the sound swaps from mono to surround, signaling a deliberate break with the past. Rex O'Herlihan [Tom Berenger] rides into the town of Oakwood Estates on his high-stepping horse, Wildfire, and steps into a saloon where the locals carry the weight of a familiar conflict between the sheep herders and the cattle ranchers.
In the tavern, he meets the town’s Drunk, Peter. [G.W. Bailey] the Town Drunk, explains the background: the sheep herders are being terrorized by the cattle ranchers led by Colonel Ticonderoga. The town also has Miss Tracy, [Marilu Henner] a prostitute with a heart of gold, and the Colonel’s Daughter, [Sela Ward], a presence that signals complexity beyond simple good and bad. The local sheriff, a corrupt old coward who answers to the Colonel, looms as a broken pillar in town order. The meeting sets a tone of moral murkiness and half-truths that will color Rex’s decisions.
Blackie, the foreman at Rancho Ticonderoga, swaggering in with two henchmen, shoots one of the shearers and the town’s real-estate agent. When Miss Tracy objects to the abuse, Rex steps in. Blackie draws first, and Rex’s warning that he will shoot the hand of anyone who shoots at him comes true, though Blackie’s own men end up firing and killing him from the back. Rex neutralizes the two henchmen with precise shots to the hands and orders them to remove Blackie’s corpse. From this point, Peter sheds his drunken disguise for a sidekick’s attire and follows Rex, with the pair forming an uneasy alliance.
As Rex and Peter grow into their roles, Peter discovers not one, but two women waiting to learn more about the famous singing cowboy: Miss Tracy and the Colonel’s daughter. The Colonel seeks help from the railroad men, a power bloc of the town’s elite, and they align on shared interests: wealth, influence, and control. [Fernando Rey] as the Railroad Colonel becomes a foil to Rex’s sense of justice, and the two worlds collide when a cunning newcomer, Wrangler Bob Barber [Patrick Wayne], arrives to test Rex’s limits.
Bob challenges Rex’s view of what it means to be a “Good Guy”: a Good Guy must be “a confident heterosexual,” a line that sparks a sharp, puncturing exchange between the two men. Rex retreats from a direct shootout, explaining to Peter that his role is to ride into town, win the hearts of the women, and ride out again—an old-fashioned pattern he claims belongs to the era. The Colonel, however, presses on, and the town’s power brokers push Peter toward danger by arranging for him to be bushwhacked. This act jolts Rex into action: he rallies the sheep herders, confronts Bob Barber, and takes on the combined might of the ranchers and railroad interests.
In a climactic turn, Bob Barber is revealed not to be a heroic ally but a-lawyerly opportunist aligned with money and power. Rex ends the threat by ending Bob’s life, securing a hard-won peace. The Colonel Ticonderoga makes amends with Rex, hosting a party at Rancho Ticonderoga to celebrate a fragile settlement. Rex and Peter survive (thanks to Peter wearing a bulletproof vest) and ride off into the sunset, their uneasy alliance saved, if only for the moment, by a victory born from grit, wit, and a touch of meta-cinema.
> "these Western towns are all the same"
> "knows the future"
> "a confident heterosexual"
> "That's all: I just kiss 'em. I mean, this is the 1880s. You gotta date and date and date and date and sometimes marry 'em before they…you know."