The Ice Pirates is a comic science fiction film that takes place in a dystopian future where water has become an extraordinarily rare and valuable commodity. While searching for her father, Princess Karina (Mary Crosby) decides to buy two space pirates who have been captured and enlist their aid in finding him. Jason (Robert Urich) and Roscoe (Michael D. Roberts) see a path towards freedom in helping the princess, so they proceed with her on her journey. They learn that her father is being held on an elusive planet that contains a huge supply of water and realize that finding him could also make them exceptionally rich. However, the planet is protected by a strange time distortion that prevents anyone from reaching it unless they choose the precisely correct course. Will the princess and the pirates be able to find and save her father, or will they be doomed to be lost in time forever?