Lucky Jackson arrives in town with his car literally in tow ready for the first Las Vegas Grand Prix - once he has the money to buy an engine. He gets the cash easily enough but mislays it when the pretty swimming pool manageress takes his mind off things. It seems he will lose both race and girl, problems made more difficult by rivalry from Elmo Mancini, fellow racer and womaniser.
While stationed in Asia, six American G.I.'s witness the secret ritual of Lamians (worshipers of women who can change into serpents). When discovered by the cult, the High Lamian Priest vows that "the Cobra Goddess will avenge herself". Once back in the United States, a mysterious woman enters into their lives and accidents begin to happen. The shadow of a cobra is seen just before each death.
In a story told in narrative flashbacks, a young TV consultant is hired by the President of a bankrupt USA to organize a telethon in order to prevent the country from being repossessed by wealthy Native Americans.
