MacGyver travels to Budapest to meet with a Russian double agent who is in possession of a watch containing information about other Russian spies. However, before MacGyver can take the watch, the agent is killed and the watch is stolen. Now MacGyver must work with the Gypsies to get it back.

MacGyver gets involved in the search for an escaped serial killer. Soon he comes to the conclusion that the killer had help from another prisoner—an even more sinister man.