The Sablum Empire has been attempting to take over the kingdom of Windland for many years, and are now plotting with the mercenaries Sister Hell and Darkness Knight to start a new offensive using powerful magical beings called Angels. Hyaweh, a carefree yet talented swordsman, and Priecia, who just might be the lost princess of Windland, are enrolled at the Knight's Academy in Windland to hone their skill at swords and sorcery. There they meet many friends and allies who can help them protect their homeland from the impending invasion.

A series of shorts parodying the main series Prism Ark.

There is a magical academy that is located on a floating island in the sky. This OVA is about the students of one of the academy's classes, who's only chance not to fail the semester is to win a competition where they must show off their magic skills.

Following the destruction of the magical floating device from OVA 1, the Magic Academy falls to earth, but unfortunately lands on and breaks a demon seal, releasing hundreds of ancient demons into the forest around the academy. The teachers are barely keeping the demons away and are desperately searching for the pieces of the floating device, so to earn more magic stones, all of the students from Amelia's class decide to leave the academy (even though they were told not to) to find the missing pieces.