In the days of the American Old West, Mephistopheles sent a bounty hunter of the damned, called a Ghost Rider, to retrieve a contract for a thousand corrupt souls from the town of San Venganza. The Rider refused to give the contract — and therefore, the souls — to Mephistopheles; instead, he outran Mephistopheles and hid himself and the contract.

A century and a half later, a seventeen-year-old stunt motorcycle rider Johnny Blaze (Matt Long/Nicolas Cage) discovers that his father is dying of lung cancer. Mephistopheles (Peter Fonda) approaches him with a promise to rid his father of his cancer once and for all if Johnny gave his soul as payment. Johnny inadvertently signs the contract when a spike located on its central bar breaks his skin and causes his blood to fall onto the parchment. The next morning, his father's cancer is gone; but later that same day, he dies mid-stunt in a horrific bike crash. Johnny accuses Mephistopheles regarding his father's death; Mephistopheles informs Johnny that he now owns the boy's soul, as agreed. Johnny then abandons his girlfriend, Roxanne Simpson (Raquel Alessi/Eva Mendes).

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