Anticipation is building for what is promising to be a great Muppet movie… for now we can only hope that Jason Segel doesn’t give us another Muppets Wizard of Oz. I’m still a little sketchy on the looks of Walter, the newest Muppet, but for now I am willing to hold judgment and hope for the best.

After announcing yesterday that they will be moving the premier of the film up to Thanksgiving of 2011 yesterday, now they have followed up with the official plot description. Check it out!

On vacation in Los Angeles, Walter, the world’s biggest Muppet fan, and his friends Gary (Jason Segel) and Mary (Amy Adams) from Smalltown, USA, discover the nefarious plan of oilman Tex Richman (Chris Cooper) to raze the Muppet Theater and drill for the oil recently discovered beneath the Muppets’ former stomping grounds.

To stage The Greatest Muppet Telethon Ever and raise the $10 million needed to save the theater, Walter, Mary and Gary help Kermit reunite the Muppets, who have all gone their separate ways: Fozzie now performs with a Reno casino house band called the Moopets, Miss Piggy is a plus-size fashion editor at Vogue Paris, Animal is in a Santa Barbara clinic for anger management, and Gonzo is a high-powered plumbing magnate.

With secret, signature, celebrity cameos, The Muppets hits the big screen Nov. 23, 2011.