Director Peachfuzz recruits Rocky and Bullwinkle to help her infiltrate Fearless Leader's hideout, and Boris and Natasha are replaced by a robot henchman.

When Fearless Leader brainwashes Bullwinkle, Rocky must team up with Director Peachfuzz to stop them from making the stinky pie and taking over the world.

When Rocky and Bullwinkle want an interesting story to tell at their upcoming reunion, they accidentally take off for space in a very real rocket.