King Arthur engages in battle with a group that does not want him to be King. He then gives the opposition his sword, and tells them to knight him, so he can be fit to be King in the eyes of everyone.
William, a squire, is publically punished for impersonating his master, Sir Ector, in jousting competitions. He is placed in a pillory and food is thrown at him. Prince Edward, who William befriended during his jousting competitions, orders the guards to take him out of the pillory and knights him as "Sir William".
Sir Ector's squires realize he is dead after almost winning the entire jousting competition. William decides to impersonate Sir Ector even though he is a peasant and does not have noble status.