The film is an adaptation of a story in Chinese mythology (in particular, the epic fantasy novel Fengshen Bang) about the warrior deity Nezha, who became a student of the immortal Taiyi Zhenren. The main part of the story revolves around Nezha's feud with Ao Guang, the Dragon King of the Eastern Sea, whom he angers through the killing of Ao Bing, Ao Guang's third son. Through bravery and wit, Nezha finally breaks into the Dragon King's underwater palace and successfully defeats him.
Oskar Matzerath, son of a local dealer, is a most unusual boy. Equipped with full intellect right from his birth he decides at his third birthday not to grow up as he sees the crazy world around him at the eve of World War II.
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.
This film is the last of the 'Airport' genre which stars George Kennedy again in his aviation-disaster struck role as Joe Patroni who has to contend with nuclear missiles, the French Air Force and the threat of the plane splitting in two over the Alps!