An hour-long anthology series hosted by Jim Henson and generally included two segments. The first, MuppeTelevision, features comedy skits starring the Muppets, as well as frequent guest appearances by popular entertainers. The second often rebroadcasts original productions, primarily The StoryTeller.

When a man visits a remote coastal town to buy a pair of silver shoes for his fiancée, he becomes involved in a dangerous bargain with the shopkeeper. He must retrieve a stolen pearl which has the power to transform the shape of whoever possesses it.