It's two million years after a devastating nuclear war. It's explained that in the good lands, the creatures of legend, such as the elves and other ancestors of man, have re-emerged. In the scorched lands the hideous mutants continue to thrive, killing one another. In the lengthy prologue, it's explained that two sorcerers are born. The good one is red-headed Avatar and the evil one is skeletal Blackwolf. The two brothers fight and Blackwolf is banished to the radioactive lands where he plots conquest. A few thousand years later Blackwolf sends his mutant minions to the good lands to kill the magical creatures. Avatar, who has now become sort of clown-like, must now deal with his errant brother. Blackwolf has uncovered ancient machines and films of Hitler and the Nazis, which inspires him. And there's a war.
Wizards is a visually stunning movie. It's also very weird, with strange comedic scenes between mutants, the interaction with Avatar and his winged girl, Elinore. And the warrior elf, Weehawk, brings to mind the elves from the Elfquest graphic novels (which I'm sure were influenced by this movie). Realistic backdrops clash with the Saturday Morning style of characters and there's also a bit of rotoscoping of the soldiers, bits of live-action, and cool still drawings by Richard Ploog. Recommended.