The Phantom Gunslinger is set in the town of "Tucca Flats." The peaceful life of the town is disrupted by the arrival of a gang of bandits, including Algernon, Big Sam, Cookie, and some others. The sheriff leaves town, but not before naming Bill as his successor. Bill, unfortunately, doesn't carry or even know how to use a gun, and the outlaws take over Tucca Flats. But with the help of some Indians, a suit of armor, and springs on his shoes, Bill manages to run the gang out of town.

Mit Hilfe eines Geister-Sheriffs, der bereits bei seinem ersten Auftreten von Desperados ins Jenseits befördert wurde und nun zurückkehrt, um Rache zu nehmen, kann ein kleines Städtchen befriedet werden.