Frustrated by being "overlooked", film director C. C. Deville steals the "Edgars" (statuettes that are a parody of the Oscars) and threatens to melt them all unless studio chairman Thaddeus Plotz gives him a lucrative contract. While carrying out his evil plot, Deville's dim-witted assistant accidentally crashes his getaway blimp into the Warner Bros. water tower. This scatters 44 of the 45 stolen Edgars across the studio lot and releases Yakko, Wakko, and Dot, who agree to search for the missing awards. The many different types of levels include: Ye Old West, Spooky Movie, Once Upon A Time, King O'Sullivan's Mines, and The Epic. The final level takes place in the sky chasing and shooting down Deville's blimp. In the end, Ralph T. Guard and Plotz end up capturing Deville and the Warners, mistaking them to also be part of Deville's plan. As the Edgars ceremony finally continues, the Warners proceed to torment Deville, who got accidentally trapped in the water tower, which got rebuilt by Pinky and the Brain for one of their latest plans to take over the world, with the Warners.