Enter Valentino, a mild-mannered UCLA film archivist, who buys a decrepit movie palace and uncovers a skeleton in the secret Prohibition basement. He then makes a second discovery: long-lost, priceless, reels of film: Erich von Stroheim's infamous Greed. The LAPD wants to take the reels as evidence, jeopardising the precious old film.
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The second wacky comedic murder romp for Hollywood film detective Valentino. Valentino wants to keep The Oracle, his beloved run-down movie palace, from being condemned before it even reopens, but murder keeps intruding into his otherwise quiet life. At a gala party held in memory of screen legend Greta Garbo, he's having fun until the host, a hotshot developer named Rankin, tells Valentino about a certain letter from Garbo to his late wife. She and Garbo had been...close. Such a letter is of great interest to a film archivist like Valentino. But the plot thickens when Rankin tells Val that his assistant, Akers, is using this letter to blackmail him.
Bela Lugosi's Frankenstein screen test puts Valentino in the picture for murder.... Everyone knows Frankenstein's monster was played by Boris Karloff. His portrayal is so famous that the play Arsenic and Old Lace was filled with Karloff/monster jokes - even when the part of the deformed villain was played by another actor. But before Karloff's memorable portrayal, another 1930s Hollywood icon, Bela Lugosi, tested for the part of the monster. The test footage was lost for decades, until Valentino, that never-say-die film archivist, gets a hot tip about the whereabouts of the incriminating (for really bad, heavily accented acting) footage.