| Director | James Wan |
|---|---|
| Budget | $20 million |
| Box office | $22.4 million |
Jamie Ashen and his wife Lisa receive an anonymous gift: a ventriloquist doll called "Billy" (Billy #57). When Jamie goes out, a figure kills Lisa. Jamie returns to find his wife dead with her tongue cut off. He is arrested and interrogated by police detective Jim Lipton, but later released due to a lack of evidence. Inside Billy's box, Jamie finds a mysterious message about "Mary Shaw", a deceased ventriloquist from his hometown, Raven's Fair.
Returning to Raven's Fair, now old and rundown, Jamie visits his estranged, disabled father Edward and his much-younger wife, Ella. He arranges for Lisa's funeral with the help of local mortician Henry Walker. Henry's senile wife, Marion, urges him to bury Billy. Jamie does so but is confronted by Lipton, who finds his actions suspicious.
Henry explains that Mary Shaw was publicly humiliated by a young boy named Michael, who rudely claimed to see her lips moving during one of her performances. Later, after Michael disappeared, his family blamed it on Mary and lynched her. Mary's last wish was to have her body turned into a doll and buried with her collection of dolls - her "children." Henry, then a child, saw Mary (after she was turned into a dummy) rise up, but was spared thanks to his silence, because Mary only kills those who scream when exposed to her true appearance. Jamie finds out that Michael, who actually was murdered by Mary, was his great-uncle Micheal Ashen. The Ashen family forced Mary to scream and silenced her by cutting her tongue out; she has since been seeking revenge against their bloodline by killing them the same way.
Mary kills Henry, and Lipton discovers that all of her dolls have been dug up. At Mary's old theater, Jamie and Lipton discover 100 of the dolls in their display case but the glass container containing Billy is empty (As it was delivered to Jamie Ashen) which reveals that it wasn’t Jamie that put Billy in his home, Along with Michael's body, which had been turned into a marionette. Mary's ghost reveals that she killed Lisa because she was pregnant with his child, thereby killing any potential newborn of the Ashen family. Jamie and Lipton start a fire to destroy the dolls, but Lipton trips and screams, sealing his fate. Back at his father's residence, Jamie is confronted by Mary, but repels her by throwing Billy into the fireplace. He learns, much to his horror, that his father is already dead; the current "Edward" he has been interacting with all this time is a doll converted from his corpse; his voice was provided by Ella, the "perfect doll" that Mary created before her death. Jamie screams as Ella becomes possessed by Mary; he suffers the same fate as everyone else.
Mary flips through a photo album of her victims: Jamie, Lisa, Lipton, Henry and Edward, and finally Ella. She closes the book, having completed her revenge.