Fishing and jobs are becoming scarce in the small seaport village of Graves Point, when mysterious deaths and unexplained disappearances begin to occur. Divers vanish and a young couple disappears at sea, their empty raft washing up on shore. When a large strange claw is discovered on the raft, the unsettled townspeople call on the marine biologist Dr. Herbert Talley who identifies it as belonging to a rare, giant squid. Special two-disc edition with over 80 minutes of restored footage.