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The Muppets’ Wizard of Oz follows a young woman named Dorothy Gale who dreams of becoming a singer but is unable to pursue her dreams. After being swept up by a tornado with her pet prawn Toto, Dorothy embarks on a journey to meet the Wizard of Oz, the person who both Dorothy and the citizens of Oz believe can help make her dream come true.
When Kermit the Frog and the Muppets learn that their beloved theater is slated for demolition, a sympathetic human, Gary, and his puppet roommate, Walter, swoop in to help the gang put on a show and raise the $10 million they need to save the day.
When the Muppets graduate from Danhurst College, they take their song-filled senior revue to New York City, only to learn that it isn’t easy to find a producer who’s willing to back a show starring a frog and a pig. Of course, Kermit the Frog and Miss Piggy won’t take no for an answer, launching a search for someone to take them to Broadway.
Gonzo is challenged to spend one night in The Haunted Mansion on Halloween night.
When Gonzo’s breakfast cereal tells him that he’s the descendant of aliens from another planet, his attempts at extraterrestrial communication get him kidnapped by a secret government agency, prompting the Muppets to spring into action. It’s hard to believe Gonzo’s story at first, but Kermit and friends soon find themselves on an epic journey into outer space filled with plenty of intergalactic misadventures.
The owner of a bank (Miss Bitterman) wants to own the Muppet Theatre so she can build a nightclub over it. After she tricks Pepe into giving her the only copy of the contract between her father and the Muppets, she changes it so the Muppets have very little time to pay a debt they owe. Meanwhile, the Muppets are trying to put on a Christmas show. After the Muppets are confronted by Bitterman, they make a lot of sacrifices to save up so they can keep the Theatre.
Kermit and Fozzie are newspaper reporters sent to London to interview Lady Holiday, a wealthy fashion designer whose priceless diamond necklace is stolen. Kermit meets and falls in love with her secretary, Miss Piggy. The jewel thieves strike again, and this time frame Miss Piggy. It’s up to Kermit and Muppets to bring the real culprits to justice.
Kermit the Frog is persuaded by agent Dom DeLuise to pursue a career in Hollywood. Along the way, Kermit picks up Fozzie Bear, Miss Piggy, Gonzo, and a motley crew of other Muppets with similar aspirations. Meanwhile, Kermit must elude the grasp of a frog-leg restaurant magnate.