A group of young teens who are entering middle school band together to form a club in an abandoned theater. Inside they discover an interesting piece of their town's history, but also a seemingly homeless man named Charlie who connects with the kids through their mutual passion for musical theater. When the teens learn the theater is scheduled to be torn down, they set out on a mission to save the town's landmark and Charlie's safe haven.

While on vacation in Los Angeles, Walter and his friends, Gary and Mary, try to raise ten million dollars to save the Muppet Theater from Tex Richman, a business man who wants to demolish the theater in order to drill for oil.