Kermit recruits others who like to perform and forms the Muppets, but after the Muppets go their separate ways, Kermit and some new friends determine to round them up and put on a show to save the theater they used to perform in.
When the world's biggest Muppets fan, Walter, and his friends, Gary and Mary, discover oilman Tex Richman's plan to knock down the Muppet Theater, they determine to round up the Muppets and put on a show to save the theater.