Arriving at a posh resort with her priceless "Panther" diamond, Princess Dala meets the debonair Sir Charles, but is unaware that Charles is a professional thief, known as The Phantom, who steals from the rich and gives to...himself. Enter Jacques Clouseau, the clumsiest Inspector ever to trip over a case. Can he stop Sir Charles' attempts to relieve the princess of her diamond? Or will he steal away the "cat" and leave Clouseau holding the bag?