The Phantom, descendent of a line of African superheroes, travels to New York City to thwart a wealthy criminal genius from obtaining three magic skulls which would give him the secret to ultimate power.

Xander Drax: Quill, would you please show Mr. Walker up to the observation deck and make him talk?
Sala: I claim the body when you're done.
Diana Palmer: [about Devil] Your dog's a wolf!
The Phantom: [almost laughing] I know. Come on.
Diana Palmer: Before I go... take off your mask? Let me see your face... Kit.
The Phantom: You know, I'm not really permitted to reveal all of my secrets, Diana.
Diana Palmer: You're not?
The Phantom: Actually, I am. That's only to one person.
Diana Palmer: Who's that?
The Phantom: Another woman I intend to marry.
The Phantom: [after coming through the laundry shoot, seeing Sala and Diana] What is this, a ship full of women?
Sala: [smiling] All my pilots are women.
The Phantom: Interesting. Excuse me.
Xander Drax: [becomes amazed after unleashing the power of all three skulls] These skulls are more powerful than I ever imagined! I've harnessed the energy of the sun! Who needs a fourth skull?
The Phantom: I do and I know where it is. I've worn it all my life. For protection. I never really understood what that meant until right now.
Xander Drax: Ha! What a cheap jungle trick!
Xander Drax: My name is Xander Drax.
The Great Kabai Sengh: What?
Xander Drax: X-A-N-D-E-R D-R-A-X. Xander Drax. Begins and ends with the letter X.
The Great Kabai Sengh: You're not immortal. I know your secrets, Phantom.
The Phantom: Take them to your grave, Kabai Sengh.
Sala: The Phantom helped Diana to escape. I think he's in love with her.
Xander Drax: Oh really? This is getting more interesting by the minute. Why do you say that?
Sala: Because he could have had me... but he picked her. That could only be love.
Xander Drax: Or simply bad judgment.
Xander Drax: When darkness rules the earth, America's in financial ruin. Europe and Asia are on a brink of self-annihilation. Chaos reins. Like I've always said, there is opportunity in chaos. And so, my brothers, I give you...
[raises out the first skull]
Xander Drax: The skull of Touganda. This skull is one of three. When all three skulls are united, they will produce a force more than any army on earth.
Ray Zephro: You-you only got the one.
Xander Drax: Legend has it that if the skulls are separated, two of the skulls will point the way to the third.
Ray Zephro: Like I said, you only got...
Xander Drax: Raymond! Raymond! Ray! Ray! I know the location of the second skull, okay?
Phantom's Dad: [the Phantom is conversing with his father's ghost] So, tell him to step on it.
The Phantom: Can you go any faster?
Al the Cabby: You talking to me now?
Quill: Look, I once killed the Phantom.
The Great Kabai Sengh: Join the club. Many of us have killed him over the years. But he keeps coming back.
Drax: There is opportunity in chaos. I give you...
[He holds up a metal skull to show everyone]
Drax: ... the skull of Touganda.
Xander Drax: All right, what's your name? Why do you want that skull so badly?
The Phantom: Kit Walker.
Xander Drax: Huh, and who is Kit Walker?
The Phantom: I am.
Xander Drax: And what about the skull?
The Phantom: It'd go well with my drapes.
Xander Drax: History is about to be made and you're all a part of it. Not an equal part, of course, but an important part nonetheless.
Xander Drax: This skull is one of three. When all three skulls are united, they will produce a force more powerful than any army on earth.
Ray Zephro: [to Drax] Hey, the only power I believe in comes out of the barrel of a gun. Not from some jungle souvenirs!
The Phantom: [as Kit Walker] I gotta say, Diana, you look great. You got changed a bit.
Diana Palmer: You just vanished, Kit.
The Phantom: [as Kit Walker] I guess I did.
Diana Palmer: Without a word, without a letter, not even a phone call.
The Phantom: [as Kit Walker] No.
Diana Palmer: I came here to do a job and that's what I'm gonna do.
The Phantom: Good-bye.
[leaves the skull cave]
The Phantom: [as Kit Walker] Now, I read about what happened. Are you alright?
Diana Palmer: Oh, I'm fine. It started out bad, but all turned out okay.