Billy Bonney joins up with a group of outlaws in a Southwest town where he bumps into his old friend Jim Sherwood, now the marshal. Attempting to change his ways, he falls back into the life of a bandit when an outlaw friend is murdered. Although an entertaining western, the story bears no resemblance to the actual last days of Billy the Kid. Based on a story by Howard Emmett Rogers and Bradbury Foote, suggested by the book "The Saga of Billy the Kid" by Walter Noble Burns.