Walter dreams of attending the Muppet Theater that's located right in the middle of Hollywood. He's a Muppet himself, and one day, he gets his shot. Together with his bro and girl, he heads towards the theater, hoping to be equally amazed and impressed. However, upon arrival, the trio learns that Mr. Richman, a greedy oil mogul, wants to destroy the building and start drilling for oil. So, how can a few Muppets stand against a magnate? What can they do to stop him from destroying the epic building? Walter comes up with an idea: they must get all the Muppets together and deliver a breath-taking performance that will make a difference.