- The Turtles must clear their names when they are believed to be jewel thieves who stole a priceless emerald during a magic act run by a wizard named Boldini.
- In the turtles lair Michaelangelo is trying to put on a magic show for the others with Zach, the young teenage boy who befriended the turtles in the episode The Fifth Turtle, and his new friend Caitlin as his assistants, but he fails to perform the "rabbit out of the hat trick" as the rabbit is still on his head. he tries to perform more tricks but Zach's alarm goes off telling him the Great Boldini's magic show is starting soon and they don't want to miss it
Later April O'Neil is seen reporting on the show, which is being held at at a museum where the Great Boldini is expected to perform a magic trick where he will make the famous Tortellini Emerald disappear. While there, she meets up with the Turtles in disguise and Zach introduces her to Caitlin. Watching a broadcast of the event is mob boss Don Turtelli. According to him, the Tortellini Emerald once belonged to (i.e. was once stolen by) his grandfather Tony "The Tickler" Turtelli, and he plans to bring it back into the family. As the Great Boldini is about to perform one of his disappearing acts, the lights suddenly go out, and once they come back on, he is seen tied up, claiming someone stole the emerald.
As a search for the emerald begins Zach and Caitlin become suspicious of Boldini due to Zach reading about a trick involving tying yourself up in a magic book so they begin to follow him leading them to the museum's basement where they find him removing the emerald from a pipe, just as Don Turtelli comes out of a grate on the floor leading to the sewers. They then learn that the Great Boldini is Don Turtelli's cousin, Zach recognizing him from the turtle's stories
Meanwhile, the NYPD led by Lieutenant Fronski arrives on the scene, secures the area, and prepares to search everyone.
In the basement, Caitlin is able to snatch the emerald from Turtelli and she and Zach make a run for it.
April tries to help the turtles escape by telling the police they are with her but they refuse forcing the turtles to reveal themselves. Lieutenant Fronski jumps to the conclusion that the Turtles stole the emerald, so orders them arrested.
Trying to escape the basement Zach and Caitlin accidentally run into a wall with Don Turtelli and Boldini trapping them in. Quickly Caitlin can distract them by pretending to throw the emerald, then gives it to Zach and tells him to run, but Turtelli grabs Caitlin and offers to trade Caitlin for the emerald. When Zach refuses, Don Turtelli threatens to tickle Caitlin with a feather.
Just as the turtles are about to be arrested, Sgt. O'Flaherty, a bumbling policeman, somehow begins to believe that the Turtles are leprechauns, which gives the Turtles a chance to escape, borrowing April's news van to escape back to their sewer entrance as O'Flaherty pursues in a police cruiser.
Back in the museum, Turtelli tells Zach that was his last chance and asks Caitlin, "Where do you want it blondie, under your arm, the soles of your feet".
Suddenly, Rat King arrives and accuses Turtelli and Boldini of trespassing in his kingdom uninvited when Turtelli built a tunnel in his domain, allowing Zach and Caitlin to escape while they're distracted. the Rat King then demands they give him the emerald as a tax for using the tunnel, which Tortelli refuses to. However, as Boldini points out the kids have the emerald and they've just escaped.
When the turtles are eventually able to escape the cops, they receive a call from April checking to see if they are okay and if they ve seen the kids. They then realize they must still be in the museum.
Having lost the kids The Rat King offers to find the kids for a reward, and Don Turtelli agrees. The Rat King uses his rats to chase everyone outside the museum and then sabotages the museum's master controls, locking everyone outside, with Zach and Caitlin trapped inside with the villains.
The Turtles sneak back near the museum to meet up with April and see a truck marked "Turtelli", concluding Don Turtelli must be behind this.
Back inside, Zach and Caitlin have made it to the museum.s entrance, only to find it locked. With the villains closing in on them they realize they have to hide the emerald, Caitlin is then able to think of the last place they'd look for it and has Zach follow her.
Outside April informs the turtles about the influx of rats. They then conclude that not only is Don Turtelli in there, but the Rat King is too and they have no way of getting to the kids.
Unfortunately in the meantime, Zach and Caitlin have already been recaptured by the villains. They have been brought to the museum's furniture exhibit, where they have been placed side by side on a pair of antique armchairs, bound at the wrists and knees, their bare feet propped up on a pair of ottomans, as Don Turtelli tickles the soles of their feet with his feather trying to get them to tell him where they hid the emerald.
Back outside the turtles investigate the van they discover a hole in the bottom and that the van was parked over a sewer grate, concluding that this is how Turtelli got in and how they can get in too. However, the Turtles are suddenly cornered by Sgt. O'Flaherty, who is more competent than believed when he manages to sneak up and trap the Turtles undetected (although he still believes the Turtles are leprechauns). However, O'Flaherty believes in reasonable doubt, as there was no proof that they stole the emerald and allows them go so they can try and infiltrate the museum, under the agreement that they have one hour to retrieve the emerald and prove their innocence, or they will willingly surrender to the NYPD.
back inside the Don continues to tickle the bare feet of Zach and Caitlin, however, The Rat King has had enough of watching so he decides to look for some art to steal. in the art gallery, the rat king is trying to decide which painting to take when he is confronted by the turtles. he then throws a smoke bomb to escape. When the smoke clears the turtle begins to hear the laughter coming from Zach and Caitlin and follows it
The Rat King then makes it to the computer room and uses the sabotaged computer system to create a snowstorm inside the museum, and the turtles are caught in it.
Unfortunately, Zach can no longer take having his bare feet tickled and tells Don Turtelli where they hid the emerald, which is in its original display case. they are then hit by the snowstorm, which the kids use as a distraction to get away. the Don decides not to go after them as they have the emerald now, so he and Boldini make their way to the sewer exit,
As the Turtles fight through the snowstorm they manage to find the kids who inform them about the emerald. deciding they need to shut off the snowstorm Donatello takes Caitlin with him to fix the computer system as she knows where it is, while the other turtles and Zach go after Turtelli and Boldini and successfully retrieve the Turtellini Emerald and catch the villans However The Rat King manages to escape capture. Donatello and Caitlin then arrive saying they had successfully fixed the computer and opened the doors, followed by April and Sgt. O'Flaherty, the turtles then decide to make a quick exit followed by Zach and Caitlin, asking April to cover for them.
. When Lieutenant Fronski arrives April is already filming as Sgt. O'Flaherty takes credit for arresting Don Turtelli and Boldini and recovering the emerald, but claims he could not have accomplished it without help from the "Teenage Mutant Ninja Leprechauns". Michaelangelo, watching this news footage, says that it is true and starts performing an Irish dance for everyone.
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