On New Year’s Eve, a dying Salvation Army sister named Edit requests to see David Holm, a troubled alcoholic. As David sits in a graveyard with his drinking companions, he tells the legend of the phantom carriage, a ghostly vehicle said to collect the souls of the dead. According to legend, the last person to die each year is doomed to drive the carriage for the next year. Unbeknownst to his friends, David once had a happy family but fell into despair and neglect, culminating in violence and separation from his wife and children.

As the midnight hour approaches, David’s past catches up with him in an altercation that leaves him at death's door. He experiences a series of supernatural encounters that force him to confront his misdeeds and their impact on those he loves. Through these encounters, he gains profound insights into the consequences of his actions and the opportunity for redemption. The movie captures his harrowing journey through a series of intertwined memories and metaphysical events, highlighting themes of morality, fate, and forgiveness.