Fashion reporter Lacey Smithsonian is touring a failing velvet factory in Virginia on its final day of operations-and finds one of the factory owners dead, lashed to a spool of velvet and soaked in blue dye. The workers are delighted, since they blamed the "Blue Devil" for killing their jobs.

But when another nickname, the "Velvet Avenger", makes the rounds, and ribbons of blue velvet start popping up, it could be more than Lacey's job at stake-it could be her life...