THE GHOST GALLEON

A pair of swimsuit models are out in a boat to stage a publicity stunt by appearing to be stranded. They discover a mysterious galleon shrouded in mist and board it. One of the models' roommates, a fellow model who has a lesbian crush on her friend confronts the owner of the modeling agency, who hired them out to her friend; a wealthy and unscrupulous businessman behind the publicity stunt. The roommate is taken hostage when she discovers that her friend has gone missing and is raped by one of the businessman's henchmen. The businessman and the head of the modeling agency recruit an eccentric scholar to assist them in their search for the missing models and their boat, taking the roommate with them as they can not allow her to reveal the truth about the incident to the public.

The phantom galleon carries the coffins of the Knights Templar, eyeless mummies who hunt humans by sound. The two models are killed before the rescue party arrives. The rescue party also board the galleon, then discover their ship has vanished. The abducted girl is captured and dragged into the depths of the ship to be dismembered and eaten, while the rest of the group is locked in an unnatural sleep. The survivors struggle to repel and combat the spectral knights with what little knowledge they have of them.

The Templar mummies kill the models before the rescue party arrives; the abducted roommate is captured by the undead and the remaining survivors struggle to repel the Knights Templar using their limited knowledge.

The film concludes with the supernatural threat maintaining dominance, underscoring the futility of rational plans against cursed, undead evil. The survivors' desperate efforts emphasize the hopelessness and claustrophobia of being trapped in a supernatural realm, sealing the galleon’s reputation as an inescapable death trap.