When Kermit the Frog and friends start a stage act, they decide to take the show from their college town to Broadway. However, once the Muppets wind up in New York City, they have difficulty finding financial support for the production, instead running into cheats like Murray Plotsky (Dabney Coleman). Unable to stage the show, the group splits up, and they all take different jobs around the country. Just as Kermit thinks he has finally found a backer, an accident gives him amnesia.