Kermit the Frog, Fozzie Bear, and Gonzo (Muppet) are investigative reporters for the ''Daily Chronicle'' newspaper. Kermit and Fozzie, specifically, play identical twin reporters, which becomes the source of a running gag: nobody can tell they are twins unless Fozzie is wearing his hat. One day, after the trio fail to report on a major jewel robbery, they ask their editor to allow them to travel to London to investigate the robbery and interview the victim, prominent Fashion design Lady Holiday. Statler and Waldorf make appearances throughout the film to heckle them and the audience.