The Musical broke a longstanding set of unwritten commandments at Channel 101: thou shalt not reference other shows, thou shalt not reference Channel 101 itself, thou shalt especially not admit, on camera, that Channel 101 makes you happy, let alone sing about it. Nevertheless, what it lacked in humility and aloofness, it made up for in devotion, boldness, friendliness, heart and some seriously catchy tunes. Add to that the fact that they bothered to conclude their own story with a tearjerking finale, and you have a masterpiece of meta-tainment and a permanent addition to Channel 101's gilded hall of fame.

Kermit the Frog throws a glamorous party at the Cocoanut Grove nightclub to celebrate the premiere of the Muppets' first feature film, The Muppet Movie. Hosts Dick van Dyke and Rita Moreno interview the wide array of celebrities and Muppets who attend the event. Gary Owens serves as off-camera announcer, and appears on-screen to introduce Miss Piggy.