A non-narrated impression of the Royal visit to Melbourne, in the Queen's Jubilee year, in 1977. Showing behind the scene preparations by the Army and Navy personnel, news crews, teachers and school children. The actual event is intercut with students from McRobertson Girls High School and Melbourne High School conducting a debate about the role of the Monarchy in Australia, touching on the issue of republic as an alternative.
Egon plans to exploit knowledge gained during his latest term of incarceration. By stealing the unmanipulated financial records of DanInvest he obtains the majority of the stocks in the department store Magasin du Nord, just in time for their closing sale.
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.