Kermit the Frog is away traveling, leaving Fozzie Bear and the other Muppets in charge of the week's production number. On the day of the show, the Muppets receive a letter from Kermit informing them the production number is meant to pay tribute to Jim Henson, who died about six months earlier. However, the group is unfamiliar with who Henson is. The rest of the special depicts the Muppets figuring out Jim Henson's relation to them, while simultaneously creating the production number.

Through the course of the special, interviews of several special guests are shown (including Carol Burnett, Ray Charles, John Denver, Steven Spielberg, Harry Belafonte and Frank Oz), where each guest recounts their personal experiences with Henson and his contributions to film, television, puppetry and philanthropy.

As the Muppets are nearing the presentation of their Jim Henson tribute number, Fozzie discovers some of Jim Henson's fan mail. One of the letters, which is addressed to Kermit, initially starts out cheerfully, but then reveals that Henson has died, much to the Muppets' shock. They take turns reading different letters from fans. Finally, Fozzie cancels the production number, deeming it improper for the occasion. Kermit's nephew Robin tries to convince Fozzie otherwise by breaking into "Just One Person" (a song which was featured in the 1977 Bernadette Peters episode of The Muppet Show). Eventually, Robin is joined by many other Muppets and the song becomes a large musical number with characters from Sesame Street and Fraggle Rock joining in. As the Muppets finish singing, Kermit (now played by Steve Whitmire) arrives and congratulates the group on finding the proper way of honoring Henson. He then decides to enact Fozzie's original number (by saying they should do something silly to end it) and addresses the audience, thanking them and promising "more Muppet stuff because that's the way the boss would want it."

• Harry Belafonte - himself
• Carol Burnett - herself
• Ray Charles - himself
• John Denver - himself
• Jim Henson - himself (archive footage)
• Frank Oz - himself
• Steven Spielberg - himself

Muppet performers edit

• Frank Oz as Fozzie Bear, Miss Piggy, Bert, Grover, Cookie Monster and Animal
• Jerry Nelson as Robin the Frog, Lew Zealand, Announcer, and Floyd Pepper
• Richard Hunt as Scooter, Beaker and Janice
• Dave Goelz as Gonzo the Great, Beauregard, Boober and Zoot
• Steve Whitmire as Kermit the Frog, Rizzo the Rat, Bean Bunny, and Whoopie Cushion
• Kevin Clash as Clifford and Elmo
• Kathryn Mullen as Joy Buzzer and Mokey Fraggle
• Caroll Spinney as Big Bird
• Pam Arciero as Grundgetta

Additional Muppets performed by Camille Bonora, Fran Brill, Jim Martin, Joey Mazzarino, Peter MacKennan, Carmen Osbahr, Martin P. Robinson, David Rudman, Cheryl Henson, and Bill Prady

The set used for this special intentionally combines elements from the backstage set used in The Muppet Show and the control room set used in The Jim Henson Hour. The special was later syndicated alongside The Muppet Show.

In later airings, Whitmire's performance of Kermit was redubbed and pitched down for unknown reasons.

This would be one of the last productions Richard Hunt performed Scooter and Janice before his death in 1992.

The logo for the special incorporated characters from all three of Henson's most widely known productions, with Kermit, Miss Piggy, and Fozzie joined by Gobo Fraggle and a Doozer from Fraggle Rock, and Cookie Monster from Sesame Street.

• The Muppets Celebrate Jim Henson at IMDb