Because Timmy happens to have things that were recently reported taken from the local stores, Timmy is accused of shoplifting by his parents, when in reality he received all of his stuff from his fairy godparents and therefore cannot give up his secret. Jorgen Von Strangle then comes for an inspection of Cosmo and Wanda, and if they don't pass, they will be taken away from Timmy. Without his godparents, Timmy must find a way to catch the real shoplifter, Francis, in the act.