The Muppets, due for release in 2012, sees Jason Segal playing Gary, the brother of Walter, who are both fans of The Muppets. When they find out that oilman Tex Richman has discovered oil under the legendary Muppet Theatre and plans to raze it, Gary and Walter, with the help of Gary's girlfriend Mary, track down the Muppets, who have all gone their separate ways. Foozie performs in a tribute band called The Moopets; Miss Piggy is the plus-size fashion editor at Vogue Paris; Gonzo is a plumbing magnate and Animal is in rehab for anger management. Gary and Walter hope to hold a telethon to raise money to stop the drilling for oil and they can only do it with The Muppets' help.
As well as showing footage from the movie, the video also features a Muppet version of Gary and a human version of Walter (played by The Big Bang Theory's Jim Parsons) sitting at white grand pianos, performing the song against a white backdrop, while wearing white suits.
The novel's author saw a cut of the film and loved each of the changes the movie's director had made.