Jamie Ashen and his wife, Lisa, receive an anonymous package containing a ventriloquist doll named Billy. Shortly after the doll's arrival at their apartment, Lisa is brutally killed while Jamie is out picking up dinner. Upon discovering his wife's body, Jamie becomes the prime suspect. Devastated by her gruesome death and obsessed with finding answers, Jamie returns to his hometown of Ravens Fair, a place overshadowed by eerie legends of deceased ventriloquist Mary Shaw and the chilling phrase: "Beware the stare of Mary Shaw. She had no children, only dolls. And if you see her in your dreams, be sure you never, ever scream."

Jamie's investigation leads him deep into his past and the dark history of Ravens Fair. He reconnects with his estranged father, Edward, and his much younger wife, Ella, as Jamie attempts to understand the bizarre events unfolding around him. Meanwhile, Detective Lipton, skeptical of Jamie's innocence, follows him to Ravens Fair. Digging further, Jamie discovers a tragic and sinister tale of Mary Shaw's quest for perfection in her ventriloquist act, a morbid obsession that led to her violent death centuries ago. As he unravels the mysteries tied to Mary Shaw and her collection of handcrafted dolls, Jamie must confront the haunted legacy that has plagued Ravens Fair for generations.