Mysterious deaths and unexplained disappearances begin to occur in the small seaport village of Graves Point. When a large, strange claw is discovered on an empty raft washing up on the shore, marine biologist Dr. Herbert Talley identifies it as belonging to a rare giant squid.

The Man from Snowy River is an Australian television series based on Banjo Paterson's poem "The Man from Snowy River". Released in Australia as Banjo Paterson's The Man from Snowy River, the series was subsequently released in both the United States and the United Kingdom as Snowy River: The McGregor Saga. The television series has no relationship to the 1982 film The Man from Snowy River or the 1988 sequel The Man from Snowy River II. Instead, the series follows the adventures of Matt McGregor, a successful squatter, and his family. Matt is the hero immortalized in Banjo Paterson's poem "The Man from Snowy River", and the series is set 25 years after his famous ride.